Pros:
- MACD looking to cross into positive territory
- RSI above 50
- KST looks ready to crossover
- Closed above VWAP
Cons:
- End of day selloff volume (see the 1 hour
chart)
- Closed below upper trendline
- Price action contained inside the descending channel
All in all, I'm curious to see if we end up in a controlled sell-off that is likely to accelerate once we get close to the 200 MA.
Very important to watch the market this week.
- MACD looking to cross into positive territory
- RSI above 50
- KST looks ready to crossover
- Closed above VWAP
Cons:
- End of day selloff volume (see the 1 hour
chart)
- Closed below upper trendline
- Price action contained inside the descending channel
All in all, I'm curious to see if we end up in a controlled sell-off that is likely to accelerate once we get close to the 200 MA.
Very important to watch the market this week.
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.
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.