Longtermcharts W/1D indicate weak signals that will expect investors to stay away from, this is confirmed on longterm charts Macd's as well with the exception of the weekly chart being exceptionally bullish, candle situation express bears hold majority of the market but bull momentum increasing.
Short-term charts 4h/1h/15m, suggests pullback has been effective and allowed time for momentum to gain traction occasionally.
current position of price makes market unattractive, would expect market to fall but expect wednesday to sustain prices, only time will tell if prices dip a little lower it be an attractive position. I believe you can still make money in the market though especially if it busts the weekly hi and hit Daily tp2
Short-term charts 4h/1h/15m, suggests pullback has been effective and allowed time for momentum to gain traction occasionally.
current position of price makes market unattractive, would expect market to fall but expect wednesday to sustain prices, only time will tell if prices dip a little lower it be an attractive position. I believe you can still make money in the market though especially if it busts the weekly hi and hit Daily tp2
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.