Theta formed a bottoming formation: V-Shape.
This is bullish, but trading only based on this, it can be tricky. Wait for price to create higher highs above the 200daily MA, test this trend line and resume, before you can feel confident that the market will not turn around.
This is bullish, but trading only based on this, it can be tricky. Wait for price to create higher highs above the 200daily MA, test this trend line and resume, before you can feel confident that the market will not turn around.
Note
Initiate tradeNote
Still "fighting" the 200MA
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Related publications
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.