Whats Up Traders -
I was in the Troll Box Earlier, Taking Grenades, but I just dont know how we cant at least see how this 'rebound' as many put it, is not proven.
Another example of my concern, volume and price action diverging. Shows weakness in the conviction of this move.
Manage your own Risk, thats the most important thing to do. Youre swimming in shark infested waters.
I was in the Troll Box Earlier, Taking Grenades, but I just dont know how we cant at least see how this 'rebound' as many put it, is not proven.
Another example of my concern, volume and price action diverging. Shows weakness in the conviction of this move.
Manage your own Risk, thats the most important thing to do. Youre swimming in shark infested waters.
ノート
If a market is rallying, the volume oscillator should rise. When the issue becomes overbought, the oscillator will reverse its direction.
If the market is declining or moving in a horizontal direction, the volume should contract.
It is important to note that an increasing price, together with declining volume, is always, without exception, bearish.
When the market is at the top, one would therefore see an oversold volume chart.
Another important fact is that rising volume, together with declining prices, is also bearish.
ノート
Stuck in limbo at this retracement level 2.618Volume has not increased to substantiate a bull rally. in fact, it is lowering.
We believe this market is still bearish.
There are many uncertainties, macro, midterms, trade, rates. Be careful
ノート
Still in the limbo here - Double touch on the 1.618 level and back to the 2.618 level.Day trade opportunities here and there, but over all market sentiment is very fickle. Its choppy dangerous trading waters.
Our sentiment is overall bearish - with all else equal (Rate Hikes, China Tarriffs, Brexit, Etc)
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