Intraday long position. It may go higher than we show. After today this recommendation doesnt work
Look! Very meaningfull ma200 in H1 has broken. But oscillators are overheated. If we look backward, in such cases price went down for some time. Untill indicators become cold. After that we might see further movement direction.
We see a middle-strong Intraday signal to buy. It is double bottom figure with crossing and curving MA10 and with OSMA crossing zero level. We think that Bollinger will form narrow horizontal tube (in minimum variant) and the price will go to the upper level of this tube. After that it is difficult to predict the further movement. If the impulse after mews be very...
Weekly trend is up. The main indicators - Stoch, Osma, BB show up-trend.
Intraday idea -short. It is very simple to understand why I sell now. It is so simply that I should not explain more than I draw. If you want - yu understand.
I draw my idea. The pattern can realise once more again. After pattern it can move up or down. But now - down. It seems that 55-ma might draw the exact W-sign to change to up-direction. The right leg of W must be lower than left.
Down impulse is huge. It cant stop in a moment. Yu must wait for new impressive lows before buying.
Down impulse is huge. It cant stop in a moment. Yu must wait for new impressive lows before buying. Or wait testing support. It might test it.
Now we see reverse moment. The market can stop and begin reverse movement for some hours or it might change trend.
Nevertheless - sell!! I think the idea is still working.
I propose yu very simple trend-indication - stoch. Look at the chart - and yu will understand everything. The only thing yu might match - I cant predict the levels of the future moving. But this is not very important to my mind.