Thesis: Bearish momentum on the daily and weekly stochastic. Closed below the 48 day ema, MTD, and YTD Anchored Vwap. Trend on daily ema ribbon has fliped bearish.
However price found Support on -1 monthly ART level so I wouldn't be surprised to see a bounce.
If it bounces back to the daily ribbon and the bearish moment is still in tact sell the rip! I will be watching this closely and may enter a small position in case it dumps without a retest.
However price found Support on -1 monthly ART level so I wouldn't be surprised to see a bounce.
If it bounces back to the daily ribbon and the bearish moment is still in tact sell the rip! I will be watching this closely and may enter a small position in case it dumps without a retest.
Comment:
Yesterday was the day to enter. I missed it because I was stuck in bed with covid :(