Big movement ahead on SPXL
Bull flag vs RSI correction
RSI suggests market correection for tomorrow and next week camdlesticks based on oct 03,09,117 situations. Purple vertical lines shows historic path itself.
Bull Flag
Background: 12 d 5h for -16.23% down
Stick: 20h for +8% up
Flag: 1d 6h +3.39% up
However, there is a huge resistance at 45 price level, so we can expectate another selling wing/breath to break through 50 level
RSI suggests market correection for tomorrow and next week camdlesticks based on oct 03,09,117 situations. Purple vertical lines shows historic path itself.
Bull Flag
Background: 12 d 5h for -16.23% down
Stick: 20h for +8% up
Flag: 1d 6h +3.39% up
However, there is a huge resistance at 45 price level, so we can expectate another selling wing/breath to break through 50 level
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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.