Higher lows on the price action, lower lows on the RSI. Volatility is building up pressure. Notice how we closed on the bottom of that ascending triangle at the bottom of the bull flag. Not buying yet. LONG volatility. SHORT market.
Nota
Price action bouncing off the purple lower trendline. Let's see if this cup and handle formation succeeds. I'm leaning towards a soft bounce then break below. Sellers are backing off in the market. Nota
Double-bottom on purple lower trendline support. RSI is forming higher lows. Price action is forming higher lows. MACD is moving toward buy zone. Nota
Bullish structure breaking down. I'm sure it'll pop again when it hits the lower channel we've been in for the past couple weeks. For now, I'm content to look at LONG positions again. All my favorite setups from last week look like train wrecks. Back to the drawing board. Happy trading.Nota
This trader is sidelined for the moment. Something doesn't look right.Nota
That bottom trendline support is disconcerting. I'd like to see us break below it by 1pm ET Thursday, 3/4.
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.