!!!INVERTED CHART !!!
Bullish on Sand for now
You can see that on the RSI- Peak B is very weak compared to previous Peak A.
That tells me Peak B wont reach the dash resistance line much less break it.
So I placed sell orders along the bullish blue path because I expect Peak B to bounce towards 60-70 on the RSI to the support.
Once that happens it will gain strength to test the dash resistance again which will turn bearish then...
Bullish on Sand for now
You can see that on the RSI- Peak B is very weak compared to previous Peak A.
That tells me Peak B wont reach the dash resistance line much less break it.
So I placed sell orders along the bullish blue path because I expect Peak B to bounce towards 60-70 on the RSI to the support.
Once that happens it will gain strength to test the dash resistance again which will turn bearish then...
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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.
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.