THE END OF THE 2ND BAT / W?
- .786 fib retracement from our highs since the 225 tick move down in August (2116.75)
- Top of our "tidy channel"
- Smaller green candles each rising day shows weakning momentum, doji showing indecision
- Loads of price action between 2100 and 1800:
- As of now, short at the top of this channel, long at the bottom, unbiased in the middle
- Expecting the unexpected on a day-day basis, though short for now
- RSI and MACD have reached levels that were last seen in our October rally
- In the days following these technicals:
- The RSI took 8 days to get to it's "happy medium" at 40
- The MACDs crossed 3 days later, beginning their descent down to 0, and eventually -48, converging only twice
- The two convergences of the MACDs were lower highs, followed by lower lows, watch for a similar pattern should we stick in this "tidy channel"
- Keep in mind, the daily 200ma isn't our strongest, and given a couple tests can be punctured, as seen between October and January
and as always, please feel free to discuss :)
happy trading!
- .786 fib retracement from our highs since the 225 tick move down in August (2116.75)
- Top of our "tidy channel"
- Smaller green candles each rising day shows weakning momentum, doji showing indecision
- Loads of price action between 2100 and 1800:
- As of now, short at the top of this channel, long at the bottom, unbiased in the middle
- Expecting the unexpected on a day-day basis, though short for now
- RSI and MACD have reached levels that were last seen in our October rally
- In the days following these technicals:
- The RSI took 8 days to get to it's "happy medium" at 40
- The MACDs crossed 3 days later, beginning their descent down to 0, and eventually -48, converging only twice
- The two convergences of the MACDs were lower highs, followed by lower lows, watch for a similar pattern should we stick in this "tidy channel"
- Keep in mind, the daily 200ma isn't our strongest, and given a couple tests can be punctured, as seen between October and January
and as always, please feel free to discuss :)
happy trading!
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.