Context:
Weekly - uptrend (UT)
Daily - downtrend (DT)
Last day:
Value moved down but left very poor and weak high
Special notes:
Daily RSI is in oversold. Price at DMA200 support
Conclusion:
A lot of selling in the last 10 days. Market is getting too short and needs to cover those shorts before moving further down. Last day indicates lack of strong sellers, which creates opportunity for short-term bull bounce. DMA200 provides logical support
Disclaimer
I don't give trading or investing advices, just sharing my thoughts
Weekly - uptrend (UT)
Daily - downtrend (DT)
Last day:
Value moved down but left very poor and weak high
Special notes:
Daily RSI is in oversold. Price at DMA200 support
Conclusion:
A lot of selling in the last 10 days. Market is getting too short and needs to cover those shorts before moving further down. Last day indicates lack of strong sellers, which creates opportunity for short-term bull bounce. DMA200 provides logical support
Disclaimer
I don't give trading or investing advices, just sharing my thoughts
Not
DMA200 got breached on the pre-market, next level to monitor 1820 (weekly pullback low)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.