We are (probably) bouncing off the resistance. That bullish engulfing, VZO cross, Stoch cross, BB%PCT divergent, candlestick cross on vWAP and US are evidence of the bullish stance on this one. Whatever your system is, be prepared to look at the market from multiple directions. I normally use a constellation of five, but usually more, factors to develop an opinion on trend, market structure, points of entry and exits.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.