Downtrend invalidation || reverse trade
Normally this would be a fading trade, price moving lower and lower, but we can see that the last bull candle suggests otherwise. I think it is a bounce off the low of the range that has formed.
The bull candle formed a higher high and thus took people out of their shorts.
We can also see that the RSI is breaking up the trendline and also has a strong base
The bull candle formed a higher high and thus took people out of their shorts.
We can also see that the RSI is breaking up the trendline and also has a strong base
Ordre annulé
It's too choppy for now, waiting for a clearer pattern
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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.