Love to see (R)(S) are clean and respected.
showing us obvious (R)(S) to take risk.
on Repeat:
either (S) bounce to target (R)
or (R) reject to test (S)
until bull turn (R) to (S)
or bear turn (S) to (R)
Current behavior:
Monthly formed (R) and reject to test prev (S) level &5ma(S).
Weekly testing (S) level & 20ma(S) from (R) level rejection.
=
sideway/Consolidation going on = could be pullback to (S) for bulls to avg up
showing us obvious (R)(S) to take risk.
on Repeat:
either (S) bounce to target (R)
or (R) reject to test (S)
until bull turn (R) to (S)
or bear turn (S) to (R)
Current behavior:
Monthly formed (R) and reject to test prev (S) level &5ma(S).
Weekly testing (S) level & 20ma(S) from (R) level rejection.
=
sideway/Consolidation going on = could be pullback to (S) for bulls to avg up
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Disclaimer
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.