Look how the channel has been broken with volume and:
- EMAS below the price, now should act as support.
- MACD crossing zero line bullish
- RSI on the bullish part (over 50).
- STOCH (used because ADX is on sideways): CAREFUL, could be a retracement to the EMAs before continue the trend
- CMF oscillator above zero line, but not significant still.
- EMAS below the price, now should act as support.
- MACD crossing zero line bullish
- RSI on the bullish part (over 50).
- STOCH (used because ADX is on sideways): CAREFUL, could be a retracement to the EMAs before continue the trend
- CMF oscillator above zero line, but not significant still.
What a fakeout! PA is coming back to the channel, perhaps looking for support at 0.29 area.
1.- MACD bullish side but crossing bearish
2.- Stoch bearish
3.- ADX still sideways but crossing bearish
4.- RSI below 50 turning bearish
5.- Candles below 21 EMA
Not touching!
Just my journey