It is possible that the market can bounce back in the coming weeks at a faster rate which give way to good trades when are looking gloomy like today.
In correlation to news, price action is rising quite nicely. It a bit extended IMO. If it can break above the 4H resistance eod and hold that will positive for me. Watching MACD and RSI closely for a jerk reaction to the downside. Sideways.
Breaking out from a bullish pennant into price discovery. Price action is well above the daily resistance and weekly. Watching for any consolidation as RSI is approaching a critical level of momentum. 20EMA is curving up higher and 50MA is consistently growing
Seems to be rejected near the 4H resistance neckline quite a bit and sloping down. Watching if it can recover above the key s/r area for a bounce if volume picks up. 20EMA is curving nicely over the 50MA but price action is below 200MA. Higher lows.
Double bottom as indicated. Price action seems to be going to retest key s/r with declining bearish volume. Watching if price can hold above it for a retest of the 4H resistance neckline, and rising MACD.
Not financial advice, Check the previous post for updated comments.
Not financial advice, Check the previous post for updated comments.
Not financial advice, Check the previous post for updated comments.
Not financial advice, Check the previous post for updated comments.
Not financial advice, Check the previous post for updated comments.
Not financial advice, Check the previous post for updated comments.
Not financial advice, Check the previous post for updated comments.
Not financial advice, Check the previous post for updated comments.
Not financial advice, Check the previous post for updated comments.
Not financial advice, Check the previous post for updated comments.
Not financial advice
Not financial advice