MACD failure to maintain caused cutdown and in danger of crossing below to bearzone. Trix is still lagging in its effort to form bullish momentum. D+ & D- play tug-of-war game, so right now it is really direction-less. Stochastic just need hit and close above to switch the whole play and the rest might follow, for now, no clear sign of U-turn yet.
On daily levels: m:1326.5, w:1333.8, d:1326
PSAR: w:1278, d:1307.4
MAs cluster: 1326 to 1336.
On Intraday levels : MAs cluster is in the range of 1327 to 1337. Oversold condition reached, but still bearish.
Expectation: 1320-1330 range is now in play, break of eitherside might trigger some moves. I'm choosing the upper boundary.
On daily levels: m:1326.5, w:1333.8, d:1326
PSAR: w:1278, d:1307.4
MAs cluster: 1326 to 1336.
On Intraday levels : MAs cluster is in the range of 1327 to 1337. Oversold condition reached, but still bearish.
Expectation: 1320-1330 range is now in play, break of eitherside might trigger some moves. I'm choosing the upper boundary.
Trade active
12:45amI see a compression of demand here with 1322 as support. time to go long. 1324
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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.