How do you know if we are going up or down? You don’t. Nobody does. So how do we trade this? Like this.
Right now we are slightly bullish on weekly because we closed above 50 ma. And week before that we stayed above 100 ma. The undecicive part comes from us not breaking 20 ma. But as long as we dont fall below 50 ma on close again (7830) we are not bearish. If anything we are bullish. But we are going to be really bullish if weekly closes above 20 ma at (8360).
With that, looking at rsi, macd and stoch, I have more faith in upside then downside
Right now we are slightly bullish on weekly because we closed above 50 ma. And week before that we stayed above 100 ma. The undecicive part comes from us not breaking 20 ma. But as long as we dont fall below 50 ma on close again (7830) we are not bearish. If anything we are bullish. But we are going to be really bullish if weekly closes above 20 ma at (8360).
With that, looking at rsi, macd and stoch, I have more faith in upside then downside
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