Double bottom .....or something else?
Double bottom possibility if not for the ACC/DIST dump occuring. MACD was accurate calling this out with the
reduction in Y axis top of MACD cycles. Furthermore, RSI confirmed early on the possibility of a decline of this nature.
Investments change on the spur of the moment. Presently, I would say the prudent approach would be the sidelines.
Once support is broken, a potential gain can be realized using a short approach
reduction in Y axis top of MACD cycles. Furthermore, RSI confirmed early on the possibility of a decline of this nature.
Investments change on the spur of the moment. Presently, I would say the prudent approach would be the sidelines.
Once support is broken, a potential gain can be realized using a short approach
Note
Neutral at this point.....No position currently.
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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.