EMA25 and EMA50 lines touched each other on the daily chart.
Meanwhile Bollinger Band contracted enough for a potential move.
Here I expect a sharp move down to relax the contraction, coupled with EMA25-EMA50 cross.
Below waits EMA200 to be tested again, just underneath 1260 low of 6th October.
Meanwhile Bollinger Band contracted enough for a potential move.
Here I expect a sharp move down to relax the contraction, coupled with EMA25-EMA50 cross.
Below waits EMA200 to be tested again, just underneath 1260 low of 6th October.
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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.