The 50 and 200 ma recently crossed forming a well known golden cross on itself this doesnt indicte short term price action but in the past a golden cross has clearly indicated a mentality shift to buy the dip.
Combined with a hidden bullish divergence on the daily this looks like a bullish structure which could break upside. Target would be the swing fail.
Combined with a hidden bullish divergence on the daily this looks like a bullish structure which could break upside. Target would be the swing fail.
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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.