It is getting interesting this chart. The AB=CD finished the pattern and the price is hitting into a cluster of resistances. However, more noticeable is the accumulation/distribution line projected behind the price.
For few years, the A/D line followed in tandem the price confirming the trends strength- being on the upside or downside. For the last months the A/D line failed to follow the price and is moving on the opposite direction and it could be interpreted as selling pressure is beginning to increase. While there is clear a bullish divergence, the latest divergence shows weakness in uptrend.
it is best to allow a week or two for the other signals to develop.
For few years, the A/D line followed in tandem the price confirming the trends strength- being on the upside or downside. For the last months the A/D line failed to follow the price and is moving on the opposite direction and it could be interpreted as selling pressure is beginning to increase. While there is clear a bullish divergence, the latest divergence shows weakness in uptrend.
it is best to allow a week or two for the other signals to develop.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.