Description
⋅ We have 2 bullish options, meaning an ascending triangle and an inverted H&S.
Yet bulls lacked punch and volume so far.
We have a noticeable bearish divergence acting as a flashing warning.
Only a strong green candle would negate it.
Price sits at the top of daily BB.
While bias is still slightly bullish, a stop loss here is mandatory as a bull trap may well happen.
Watch short term support and H&S neckline for early hints of next move.
Don't take risks, play the breakout.
Comment
⋅ Come on.
Don't stop there, please. Comment
⋅ Anyway, this is medium term ( my old chart, just updated ):
Comment
⋅ On NVT we already had a crossover on weekly:
So we may just patiently wait for the blue line above ( LSMA ) to raise above oversold level for a Long confirmation. Comment
⋅ Parabolic SAR turned up on daily.
tinyurl.com/y2xx2bcm
Hopefully some consolidation and further push up ahead ?
Use a lot of caution as bears may bite at any time.
Don't forget to set a Stop Loss. Comment
⋅ Wrong link to chart. Here it is: