Watch hourly RSI and Tuesday open
On hourly chart I have circled a possible double bottom indication with divergence (RSI was higher in second drop while price was lower). Stochastic is over RSI, 10sma is over 20sma, and price has held 20sma support.
Though these signals are in play for buying calls, the 20sma is still downward and daily chart shows there could be more downside. Today's reversal open from Friday is very bearish. Be patient.
Though these signals are in play for buying calls, the 20sma is still downward and daily chart shows there could be more downside. Today's reversal open from Friday is very bearish. Be patient.
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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.