Hello everyone I'm sorry I have been away for a while, just got caught up with the rigors of life. Anyways I love this setup on XDC on the WEEKLY, I am sensing that we have hit the bottom of this correction. The BBWP is at extreme lows and it crossed them moving average and is heading up. At the same time the MACD and the Stoch RSI are at extreme lows and are...
A lot of volume has been flowing out for a good bit now, this entire comeback in the market will most likely not last. It will either form a double bottom or break that resistance reversing nearly all of last year's gains.
Reasons I suspect the following trend to take place: VMACD 144 showing massive accumulation VMACD 610 starting to go positive indicating trend change confirmation Most likely there will be one last massive downward movement to attempt to squeeze existing longs that are leveraged, then it will proceed to break just above 110 Personal TA