Another signal for a bearish scenario would be to close the gap on CEM futures chart at $8500. It aligns nicely with 50% Fibonaci Retaracement level and filling the gap theory has proven to be a pretty accurate sign time and time again.
In favour of bullish turn of events, there is a hidden bullish divergence, as we have higher lowes in price and lower lows on daily RSI.
As a result, there has to be a confirmation, supported by volume, before it is clear which direction the upcoming breakout is going to take.
In favour of bullish turn of events, there is a hidden bullish divergence, as we have higher lowes in price and lower lows on daily RSI.
As a result, there has to be a confirmation, supported by volume, before it is clear which direction the upcoming breakout is going to take.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.