Comparing the indicator and price movement - seems like the shorting it coming to an end - and the buying is about to commence.
The indicator has shown the downtrend movement, with candlesticks ending with a body on break of average, which confirms that movement.
To confirm the upward movement I would like to see the same thing - stronger bullish body's - along with the averages curling up towards the aqua line.
When I read the indicator - anything above/below the aqua line means to look for that trend setup. Below meaning to look for shorts and Above for longs.
The indicator has shown the downtrend movement, with candlesticks ending with a body on break of average, which confirms that movement.
To confirm the upward movement I would like to see the same thing - stronger bullish body's - along with the averages curling up towards the aqua line.
When I read the indicator - anything above/below the aqua line means to look for that trend setup. Below meaning to look for shorts and Above for longs.
Note
Sligh progress: holding above the trendline - I would like to see it touch our yellow line then see what price is doing near there. We want this push to go to the TOP even though we are in a downtrend.Note
It has reached my yellow line - which now I want to see price shoot down towards the trendline to confirm this downtrend - otherwise if this continues up we should expect heavy resistance.Note
Have you've been noticing what the indicators are telling us?Note
Price is still rising above this trendline: Note
Still on it's uptrend - I expect price to fall soon to test the trendline it's trying to create
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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.