Why this could play to the downside:
- 12h Death cross (21 and 55 EMA)
- Daily closing below 200 EMA and 200 SMA
- Descending triangle hasn't reached its textbook target.
First bearish targets: 7,250 to 5,400.
I'm bullish if we get above 8600, close daily above 200 EMA and 200 SMA.
- Monthly already has had a bullish cross.
- Potential hidden bullish divergence on weekly.
First bullish targets are 9,100-9,400.
- 12h Death cross (21 and 55 EMA)
- Daily closing below 200 EMA and 200 SMA
- Descending triangle hasn't reached its textbook target.
First bearish targets: 7,250 to 5,400.
I'm bullish if we get above 8600, close daily above 200 EMA and 200 SMA.
- Monthly already has had a bullish cross.
- Potential hidden bullish divergence on weekly.
First bullish targets are 9,100-9,400.
Note
Monthly bullish cross (21 EMA and 10 SMA)Note
Also check this with fibs!
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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.