Contex:
this pair remains in its current downchannel , and from its oversold condsition we found support
whereas the rallie brought us at the mean of the channel where we currently reside , we had a rejection
at the mean for now , and it depends if this rejection is accompanied by a lower high to speak of weakness
returning , thus far we are still in a rallie attempt to take out the mean ...
signs of strenght:
support at oversold condistion
broken resistance
signs of weakness:
downtrend
rejection of mean
this pair remains in its current downchannel , and from its oversold condsition we found support
whereas the rallie brought us at the mean of the channel where we currently reside , we had a rejection
at the mean for now , and it depends if this rejection is accompanied by a lower high to speak of weakness
returning , thus far we are still in a rallie attempt to take out the mean ...
signs of strenght:
support at oversold condistion
broken resistance
signs of weakness:
downtrend
rejection of mean
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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.