Looking at the SMA strength indicator, which I simply created for a technical analysis course, and who knows it exists somewhere... shows that when it is high and turning down, in whatever trend we were, the trend is weakening. I added a simple moving average 7-period to the 14-period SMA strength indicator. This shows we are changing the strength downward.
For me that signals as stated that we will see corrective action once again back towards $ 950 again coming weeks.
For me that signals as stated that we will see corrective action once again back towards $ 950 again coming weeks.
Note
we are near $ 950 idea .... near there take profit if you are short.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.