Yesterday, the Gap reopened, after an early week stall on Monday. These last two candles have top wicks suggesting selling pressure to keep the gap open. Thing is, I would have preferred to see a more solid down candle.
Meanwhile, this indecision is biased to the downside from indicators and longer term chart (week) point of view. The MACD is in bearish territory and the VolDiv is bearish too. Price has been supported and one of two things will happen:
1. More probable is the volatility spike and markets breakdown fast as they are overdue; or
2. the less likely sudden extreme bullish rally, at the risk of being a blow out top or near term double top for a bigger bolder downside drop in a few months.
Given these, and other supporting charts for a probable downside, I would watch the support breaks very closely.
Meanwhile, this indecision is biased to the downside from indicators and longer term chart (week) point of view. The MACD is in bearish territory and the VolDiv is bearish too. Price has been supported and one of two things will happen:
1. More probable is the volatility spike and markets breakdown fast as they are overdue; or
2. the less likely sudden extreme bullish rally, at the risk of being a blow out top or near term double top for a bigger bolder downside drop in a few months.
Given these, and other supporting charts for a probable downside, I would watch the support breaks very closely.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.