It is getting interesting this chart. The AB=CD finished the pattern and the price is hitting into a cluster of resistances. However, more noticeable is the accumulation/distribution line projected behind the price.
For few years, the A/D line followed in tandem the price confirming the trends strength- being on the upside or downside. For the last months the A/D line failed to follow the price and is moving on the opposite direction and it could be interpreted as selling pressure is beginning to increase. While there is clear a bullish divergence, the latest divergence shows weakness in uptrend.
it is best to allow a week or two for the other signals to develop.
For few years, the A/D line followed in tandem the price confirming the trends strength- being on the upside or downside. For the last months the A/D line failed to follow the price and is moving on the opposite direction and it could be interpreted as selling pressure is beginning to increase. While there is clear a bullish divergence, the latest divergence shows weakness in uptrend.
it is best to allow a week or two for the other signals to develop.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.