Update Of Chart Published Two Hours Ago: The Lady Or The Tiger?
There are five signs the price movement will go lower:
1. RSI/ Stochastic (top indicator) has rolled over and is heading lower;
2. MACD 5/34 (middle indicator) has rolled over and is heading lower, bearish cross, and histogram of same is below zero line;
3. Phase energy (lower indicator) has three successive red bars heading lower;
4. Price is trading below the Ichimoku Cloud thick red conversion (usually a sell signal);
5. Lower indicator under chart is CHOP ZONE and this has turned negative.
In my opinion, a sell Fractal will most likely follow. Don.
There are five signs the price movement will go lower:
1. RSI/ Stochastic (top indicator) has rolled over and is heading lower;
2. MACD 5/34 (middle indicator) has rolled over and is heading lower, bearish cross, and histogram of same is below zero line;
3. Phase energy (lower indicator) has three successive red bars heading lower;
4. Price is trading below the Ichimoku Cloud thick red conversion (usually a sell signal);
5. Lower indicator under chart is CHOP ZONE and this has turned negative.
In my opinion, a sell Fractal will most likely follow. Don.
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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.