Indecision in the Market right now.
Bear Case:
*Multiple failed attempt to break resistance
*Head and Shoulder formation
*Broken wedge up
*Lack luster volume
*Bearish divergence on RSI
***Motivation for break lower : recession fears
Bull Case:
* 50 MA broke back above 200 MA
* Price holding above those two MAs
* Symmetrical Triangle engulfing the H&S (Larger pattern usually plays out)
* Possibly a bull flag forming (look at it in the weekly)
***Motivation for break higher : Trade deal
****Personally, I think we break lower... Let's talk about it!
Bear Case:
*Multiple failed attempt to break resistance
*Head and Shoulder formation
*Broken wedge up
*Lack luster volume
*Bearish divergence on RSI
***Motivation for break lower : recession fears
Bull Case:
* 50 MA broke back above 200 MA
* Price holding above those two MAs
* Symmetrical Triangle engulfing the H&S (Larger pattern usually plays out)
* Possibly a bull flag forming (look at it in the weekly)
***Motivation for break higher : Trade deal
****Personally, I think we break lower... Let's talk about it!
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.