Value Zone
POLYGON on the monthly is currently in the Demand zone and in an descending triangle. One observation from prior months is that when there is a bullish candle in this zone there is bullish activity. However, descending triangles have the possibility to be bearish.
The positives are that we have a bullish candle in the Demand Zone and some unfilled Wicks above that zone and we have healthy RSI readings. The negatives are is that it is in a descending triangle, and still in a down trend and global events and socioeconomic events could stir the markets. Have a great day
The positives are that we have a bullish candle in the Demand Zone and some unfilled Wicks above that zone and we have healthy RSI readings. The negatives are is that it is in a descending triangle, and still in a down trend and global events and socioeconomic events could stir the markets. Have a great day
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