28/07/2020
Updated
Same chart only 4 hour, which looks better. You can see the formations more clearly and also the vol beginning to drop slowly off.
MACD 4 hour again starting to look as if it is converging in on itself possibly in an attempt to switch bearish.
MACD 4 hour again starting to look as if it is converging in on itself possibly in an attempt to switch bearish.
Note
Again the SMS indicator turning down. RSI still over bought territory, the MFI looks as if it is beginning to decline and vol level off.It would make complete sense to retrace back down to the CME gap at around 9.7/9.65K mark before another run at the top IMO.
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.