Some pullback into the KC, as expected (see yesterday's analysis). In the next few days, I expect the correction to continue. I expect to see some green bars (+/- some red bars) until we are back into the KC. As noted previously, any deviation from the KC is associated with extremes on RSI. As we are at oversold territory on RSI, I expect some short term bullish reversals. Overall, the medium term bearish sentiment is still unchanged.
See yesterday's analysis:
tradingview.com/v/UqoXmozq/
No position. Observation only.
See yesterday's analysis:
tradingview.com/v/UqoXmozq/
No position. Observation only.
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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.
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.