This appears to be a A Wave of a new zigzag that sent us to low of lows at 3.00 . Now well and truly back out of thee OBOS territory. Generally speaking, A waves do not produce momentum divergences, and this appears to be the case here as well. AB trendline, along with MIDAS has been crossed, BB%PCT crossed zero line a few candles ago and we are bullish otherwise technically.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.