Price Lingers below 21 EMA on Weekly, Sign of Weakness?
Concerned that were lingering below the 21 EMA for weeks on the Weekly timeframe, while were stuck in the range, a lot of people share opinions in the market but as a fundamental analysis, the longer it stays below the 21 EMA on larger timeframes we may see a continuation of bearish divergence before we rebound to the upside continuing bullish sentiment. Trading in todays range offer small percentages and it is better to see a clear picture of trend, as I am taking that step.
Hope this helps, thank you
Hope this helps, thank you
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