Hidden bullish divergence
Pros:
- Hidden bullish divergence (purple arrows)
- At support
- RSI mini bullish divergence
- MACD about to bullish cross
Cons:
- Williams alligator bearish
- Just had fairly strong move down
Conclusion:
Would enter at the break of the previous williams up fractal for confirmation of bullish case. Or if it continues to go down, the next support at the 200 EMA (white) lines up with the .618 fib. Which would also be a good place for a bounce.
- Hidden bullish divergence (purple arrows)
- At support
- RSI mini bullish divergence
- MACD about to bullish cross
Cons:
- Williams alligator bearish
- Just had fairly strong move down
Conclusion:
Would enter at the break of the previous williams up fractal for confirmation of bullish case. Or if it continues to go down, the next support at the 200 EMA (white) lines up with the .618 fib. Which would also be a good place for a bounce.
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.