Just an idea, speculation. This could indicate another push down but the macd is still strong and it is above 50 so this can very much be wrong.
Double bottom with divergence on MACD, RSI and Stochastic with 61.8% Fibonacci support from the bottom of the corona crash. Compared to the index finances are looking a lot better with JPMorgan Chase & Co. and Citigroup leading the way. Breakout of falling Wedge pattern shows a great opportunity for a Long position.
This could be a temporary bottom for the Market. First we have a divergence both on the Stochastic and the RSI. The price bounced of the trendline and the Fibonacci(Bottom of the Corona Crash and all time highs).And on the Weekly the price closed outside of Bollinger bands which could mean that the price is oversold in a way. But this is not the market bottom, far...
Follow up of my last post. These Elliot waves show that if this is some sort of temporarily bottom, this is the end of the 3rd and the largest waves and we will be in the 4th bullish wave in a berish trend.
divergence and bollinger bands tightening could be a great klong position for the long term since Boeing is a strong fundamental company!
BA is in a bullish flag formation. Maybe not today but tomorrow or the next if it would to pass 223 It could be a good long. The bollinger bands still need to tighten and the RSI needs to be stronger.
narrow bollinger.First resistance 20 933,The clock is positive MACD.I WANT today and tomorrow positive day DJI ,I have a feeling that the markets will drop in the coming week,and bottom line will be support anyway in my experience its important is FAZ wired acting what can give path to go
Narrowing bollinger announces change direction, but clock is still positive, so I think it will be deducted from the last bottom