- Price is oversold on the Stochastic Oscillator
- Price reversed at recent low
- Might form a double bottom
- Price reversed at recent low
- Might form a double bottom
Commentaire:
1-hr chart
- Consolidation
- Price overbought on Stochastic Oscillator
- Price overbought on Stochastic Oscillator
Commentaire:
Key Analysis: Since price oversold on daily and overbought on the Stochastic Oscillator from the hourly this could mean that price will go on a brief downtrend, maybe retest at the EMA (25, close) on the 4-hr or hourly chart and then resume uptrend
- Price neither oversold nor overbought
- Price recently broke above EMA (25, close) and closed on a retest
Predictions: Watch for bullish candlestick to form breaking above consolidation zone