Even though 7455 had every reason to hold, it didn't. The price reached our first buy zone and we have a bullish divergence on RSI and MACD.
Nota
Falling wedge + bullish divergence on most of the time frames from H2 to H6.
Nota
Unfortunately the wedge failed miserably. Now we are watching this downtrend channel and we are waiting for a decisive move.
Nota
We could have a good buying opportunity at the green dot. If we get there RSI will have a bullish divergence on H2, H3, H4, H6. Price action and volume must be watched closely.
Nota
Okei, so the price is "there", the timing is off but we are where we were expecting it. Now let's see if the bulls will show up.
Nota
As we said earlier, the H3 H4 and H6 RSI and MACD have bullish divergences.
Nota
Our buy zone is between 7290 and 7130 with a SL at 7100. If we fall under 7100 the chances of going to 6850 will be so high that we will short it right away.
Nota
First buy zone invalidated.
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Penerbitan berkaitan
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.