Real Rally yet to start or market soon to be on crash mode?
Weekly Time frame -
* Adx is not yet above 20 but is approaching from below
* +ve DI is above 20 at 28.05
* -ve DI is below 20 at 15.77
* Price action reversed at RSI 40 (Levels 2240/2250) in October'23,
that was a breakout in June'23
* RSI closed above 60 in 2nd week of December'23
* Closing is above Trendline
* Yet to sustain above the Selling zone of 2523-2540
* Head and Shoulder pattern on weekly TF with neck line at above mentioned levels
* A clean breakout or two weeks closing from these levels, may indicate further upmove
Weekly Time frame -
* Adx is not yet above 20 but is approaching from below
* +ve DI is above 20 at 28.05
* -ve DI is below 20 at 15.77
* Price action reversed at RSI 40 (Levels 2240/2250) in October'23,
that was a breakout in June'23
* RSI closed above 60 in 2nd week of December'23
* Closing is above Trendline
* Yet to sustain above the Selling zone of 2523-2540
* Head and Shoulder pattern on weekly TF with neck line at above mentioned levels
* A clean breakout or two weeks closing from these levels, may indicate further upmove
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.