We're in the accumulation zone
1. 3-year trendline(RED) will stand,
2. This may last for 3-4 weeks,
3. Sophisticated traders will start hunting for tight Stops.
Things to expect:
1. Confusing swings,
2. Fake news,
3. Traps,
4. Emotional drama.
1. 3-year trendline(RED) will stand,
2. This may last for 3-4 weeks,
3. Sophisticated traders will start hunting for tight Stops.
Things to expect:
1. Confusing swings,
2. Fake news,
3. Traps,
4. Emotional drama.
Note
Chaikin Money Flow is also at all All Time Low (-0.44), which is another indicator for continues downward pressure.
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.
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.