There are times when an indicator reflects a bearish trend but the overall signal reflects a bullish trend. This phenomenon creates a pool of uncertainty and reflects a behavioral aspect of trading which is followed by the trail of institutional investors.
This chart is of a same perspective and it reflects a situation where there is a dec in vol. followed by a mixed-signal between indicators and signals. This particular situation indicates an uptrend by double bottom, a bearish aspect by Ema, and confusion by volume.
It's better to wait for confirmation of the trend in this kind of scenario.
This chart is of a same perspective and it reflects a situation where there is a dec in vol. followed by a mixed-signal between indicators and signals. This particular situation indicates an uptrend by double bottom, a bearish aspect by Ema, and confusion by volume.
It's better to wait for confirmation of the trend in this kind of scenario.