At first glance, I was excited that the Nikkei futures were forming a 3 hump pattern similar to the one formed in February 2020 before the big dump.
then, I started noticing difference in volume / flow (CMF). Back then, the bearish divergence was quite clear, and now it's not all that clear. In fact, that sudden CMF increase looks a bit like bullish divergence similar to what we saw on the Nasdaq a few weeks ago.
Targeting a long from the 28000 area. If we don't get that low, I probably won't enter the trade.
then, I started noticing difference in volume / flow (CMF). Back then, the bearish divergence was quite clear, and now it's not all that clear. In fact, that sudden CMF increase looks a bit like bullish divergence similar to what we saw on the Nasdaq a few weeks ago.
Targeting a long from the 28000 area. If we don't get that low, I probably won't enter the trade.
Trade active
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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.