After seeing a massive rally, the correction is underway. Price breaks the Daily 10-EMA in dramatic fashion,
printing a huge swing-low, leaving a large wick in the wake of the move down. However price snaps back
and finds resistance and bounces off the (DAILY) 10-EMA. You then have the next move down, price making a lower
low with the next pull-back again finding resistance at the 10-EMA - making a Lower High. This is evidence
that the bears are in control.
I would consider only shorting for the time being, until price is able to break back over the 10-EMA and make a
new higher-high after the break.
Good Luck!
printing a huge swing-low, leaving a large wick in the wake of the move down. However price snaps back
and finds resistance and bounces off the (DAILY) 10-EMA. You then have the next move down, price making a lower
low with the next pull-back again finding resistance at the 10-EMA - making a Lower High. This is evidence
that the bears are in control.
I would consider only shorting for the time being, until price is able to break back over the 10-EMA and make a
new higher-high after the break.
Good Luck!
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.