Bear move is losing volatility (20 ATR at lows)
Selling momentum is decreased (20 Stoch)
At 200 MA support level
At the bottom of a bull flag pattern
Risk is that bull flag is extended a bit lower than ideal and support being properly tested
Selling momentum is decreased (20 Stoch)
At 200 MA support level
At the bottom of a bull flag pattern
Risk is that bull flag is extended a bit lower than ideal and support being properly tested
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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.