I am expecting an ABC correction in XJO in the short term.
I think we are about to see the start of a C wave this week unless we can break that trend line.
MACD indicates a " sell " signal.
At this stage, I am still bullish in mid to long term as long as we can STAY above or inside the triangle + above the 50 MA.
I think we are about to see the start of a C wave this week unless we can break that trend line.
MACD indicates a " sell " signal.
At this stage, I am still bullish in mid to long term as long as we can STAY above or inside the triangle + above the 50 MA.
Note
50 MA = yellow line.Trade active
New Coronavirus Cases Slow, Stocks Set For New Record Highs. But I am still expecting a pullback very soon.
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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.