If Inverted Head & Shoulder doesn't play out.
I think that there are still more longs to be taken out before a bigger corrective wave up to 5200 area.
20-50 ma cross is about to happen which could be bullish. Which why 1st green box is much more possible.
Green boxes are support/bounce areas.
I think that there are still more longs to be taken out before a bigger corrective wave up to 5200 area.
20-50 ma cross is about to happen which could be bullish. Which why 1st green box is much more possible.
Green boxes are support/bounce areas.
Trade attivo:
1st target hit and is atm support
As you can see a bearflag is formed, I have pointed out bearish 20-50 cross and 20-200 cross in red. Also there is 50-200 bearish cross on the way, which is super bearish and could send us down to the next support around 29xx.
If daily closes like this, a bearish 20-50 cross is also on the way.
The only thing bullish is the MACD.