We have obvious +div on the oscillators here, but today closed below support.
If tomorrow closes below support as well then it'll dump more next week most likely, that's if it doesn't dump tomorrow.
If tomorrow closes above/on support then we can expect a small, possible 100 point, bounce the next week, although 70 points seems more likely.
If tomorrow closes below support as well then it'll dump more next week most likely, that's if it doesn't dump tomorrow.
If tomorrow closes above/on support then we can expect a small, possible 100 point, bounce the next week, although 70 points seems more likely.
Note
price went ahead and fell more. the +div is still valid, but seems very unlikely it'll confirm.
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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.