172 1 4
Nope, probably not.

The weekly chart on the left shows a nasty topping pattern, a weird H&S . However, the bearish picture is not sustainable, as the indicators are very oversold, while we are still in an uptrend. Climatic action on the Force Index , climactic volume for the previous week on the volume bar. Price also stands at an important support area , and the breakdown proved false. Until I wont see a clear downtrend, oversold indicators are a buying opportunity. The current oversold condition is not sustainable, and rallies are likely. The impulse is still red.

Now, looking at the daily, the picture is similar, but here there is more information that the sell-off is over. Price made a false breakdown (as outlined also on the weekly) below strong support. What is even more interesting about this is that the breakdown proved false on a Monday, after a gap down, after a bearish Friday. This is one of the best triggers I know (trigger identified by Gary Smith). Further down, there are confirmed bullish divergences on the MACD lines and histogram. The Force Index is extremely oversold and has now climbed back inside the channel, while the volume on the Weis Wave is climactic.

Look for 93$.
Yes, agree with you teacher
perhaps the gap at 86 get filled first before the top of the channel
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out