Left chart:
The daily RSI has a bearish divergence and failure swing (lower low) coming out of oversold territory which suggests a top for the month of October is probably in. A close below the 9-day (pink) moving average is also bearish.
Right chart:
The hourly chart shows price near the bottom of a price channel that is about 1 month in duration. A bounce here could see another high put in this month which would invalidate the RSI failure swing top theory whereas a break outside the channel in the downward direction could validate it.
Time of idea posting 7:20PM NYT 10/5/23
The daily RSI has a bearish divergence and failure swing (lower low) coming out of oversold territory which suggests a top for the month of October is probably in. A close below the 9-day (pink) moving average is also bearish.
Right chart:
The hourly chart shows price near the bottom of a price channel that is about 1 month in duration. A bounce here could see another high put in this month which would invalidate the RSI failure swing top theory whereas a break outside the channel in the downward direction could validate it.
Time of idea posting 7:20PM NYT 10/5/23
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.