We can clearly see the behaviour of the novice traders, who are buying after a big rally in price.
1: major resistance valid from 2003
2: price action breaching overbought bollinger-band showing sign of buying pressure coming to an end.
ratio 1:4 (rounded)
1: major resistance valid from 2003
2: price action breaching overbought bollinger-band showing sign of buying pressure coming to an end.
ratio 1:4 (rounded)
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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.