Top or temporary top signal spotted on August 1st tariff deadline marked by daily and weekly bearish engulfing candle on indexes.
Where is the bottom? Bullish reversal signal not yet spotted so here are potential scenarios as of now.
Scenario 1: Bull market still in play and reversal will happens to make a higher monthly low. Watch for a closed reversal candle.
Scenario 2: Monthly lower will be set. It's anyone guess where the temp bottom will happen. Here are potential bottom target to monitor:
2.1: Last year's high
2.2: QQQ 536-532 gap
2.3: Daily RSI 30
2.4: Daily RSI bullish divergence
Conclusion, set your alert levels and stay bearish till we see a closed reversal candle.
Where is the bottom? Bullish reversal signal not yet spotted so here are potential scenarios as of now.
Scenario 1: Bull market still in play and reversal will happens to make a higher monthly low. Watch for a closed reversal candle.
Scenario 2: Monthly lower will be set. It's anyone guess where the temp bottom will happen. Here are potential bottom target to monitor:
2.1: Last year's high
2.2: QQQ 536-532 gap
2.3: Daily RSI 30
2.4: Daily RSI bullish divergence
Conclusion, set your alert levels and stay bearish till we see a closed reversal candle.
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.