Some observations I am looking at that supports my bullish view.
1. MACD is crossing up
2. Divergence on MACD
3. Everyone feels that we will crash further (including me)
But first we need to break that 8500 area, after that the 200 EMA is the problem. But in the short term we are actually going up! Hopefully it is a good upmove.
Note that we are still bearish in the Daily charts. A break below 8000 makes the market bearish yet again.
Educational purposes only
1. MACD is crossing up
2. Divergence on MACD
3. Everyone feels that we will crash further (including me)
But first we need to break that 8500 area, after that the 200 EMA is the problem. But in the short term we are actually going up! Hopefully it is a good upmove.
Note that we are still bearish in the Daily charts. A break below 8000 makes the market bearish yet again.
Educational purposes only
Nota
I am seeing a bull flag on the 1H also
Nota
The 8500 is indeed giving resistance, I am hoping it breaks through and go to the next level at around 9000.
Nota
First target for the bull flag is at 8657
Penafian
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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.