I am opening a scalp long position that I may continue to add onto over time.
we've broken out and entered back into our Keltner Channel, a sign of a price reversal.
Our momentum indicators, MACD and TSI are showing a consolidation of price action at the bottom of the KC.
We see a small indication of a local floor on the Vix Fix Finds Market Bottoms.
I believe we will retest for the top of the KC and 50-day EMA line (dark red).
we've broken out and entered back into our Keltner Channel, a sign of a price reversal.
Our momentum indicators, MACD and TSI are showing a consolidation of price action at the bottom of the KC.
We see a small indication of a local floor on the Vix Fix Finds Market Bottoms.
I believe we will retest for the top of the KC and 50-day EMA line (dark red).
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Related publications
Disclaimer
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.