There is a constellation of indicator crosses that add meaning to go long on this one, at least in the short run. There is a confluent cross of VZO plus offset and Ehler's Stochastic RSI. Also BB %PCT is looking to cross soon. Adding to the above, both the vWAP and US are supporting upward momentum on price, exiting OBOS area on momentum indicator, but most importantly there is a cross off the green MIDAS line. In our experience any cross of a volume/volatility line is highly, highly significant, presumable because volumes are in essence predictive. More broadly, there is a completed deep butterfly harmonic and now what appear as A wave to be also completed.
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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.