BBIG - 65-min interval
Updated
65-min interval - no predictions, no targets, follow the trend. line up the cRSI and the TSI with price for trend. also note when the cRSI breaks above the highband (over-bought) or below the lowband (over-sold). watch for sentiment / momentum turns.
Heikin Ashi is printing 8 contiguous red candles. Trend is currently down, however the cRSI indicator has dropped below the lowband and now in over-sold territory. The cRSI trend looks to be close to near-term bottom.
The eight red volume bars are trending down as well indicating selling pressure is dropping. A similar trend occurred Aug 30/31.
I like this chart now. I didn't like this chart when the 1st red candle dropped at 13:50 yesterday. The negative trend reversal was obvious, the turn obvious and the drop anticipated.
Going forward, BBIG needs a green candle. It would appear to me sentiment/momentum is about to turn positive, with over-sold conditions. This chart tells me, near-term bottom is at hand.
BBIG has run up huge since Aug 20 when I first published the 195-min interval with very over-sold conditions.
Proxy news is anticipated soon.
Heikin Ashi is printing 8 contiguous red candles. Trend is currently down, however the cRSI indicator has dropped below the lowband and now in over-sold territory. The cRSI trend looks to be close to near-term bottom.
The eight red volume bars are trending down as well indicating selling pressure is dropping. A similar trend occurred Aug 30/31.
I like this chart now. I didn't like this chart when the 1st red candle dropped at 13:50 yesterday. The negative trend reversal was obvious, the turn obvious and the drop anticipated.
Going forward, BBIG needs a green candle. It would appear to me sentiment/momentum is about to turn positive, with over-sold conditions. This chart tells me, near-term bottom is at hand.
BBIG has run up huge since Aug 20 when I first published the 195-min interval with very over-sold conditions.
Proxy news is anticipated soon.
Comment
down trend continues - currently 10 red candles.Comment
2 red candles to start off the day, ending with 4 green candles. keep you eye on the cRSI, was very over-sold after the 2nd red candles, then positive uptrend remainder of the day. waiting for the proxy!!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.