Are we going to see a reversal soon?? 1D-Part7 (continuation)

3 lug 2018

DMI (which is a lagging indicator) is super bearish, but Stoch is bullish (especially if we hit a new high). Always remember when you see a strong trend has been formed, there is a high chance of reversal, and reversals always come into play, so wait for one. TD seq didn't hit candle #9 for a while during last downtrend (which is usually a sign of a trend weakening), and we broke the BB20 line (which usually follows a bull run, even if its minor and not major, check the last two tops). We can see a slight pull back after hitting MA50 and have some trouble breaking it, but overall we can be slightly bullish, even on long term.
For additional information check the previous ideas (Part1-Part6).


Remember that "The stock market is a device for transferring money from the impatient to the patient."
Best,
Garyreza (ANALYTCA)