Some observations I am looking at that supports my bullish view.
1. MACD is crossing up
2. Divergence on MACD
3. Everyone feels that we will crash further (including me)
But first we need to break that 8500 area, after that the 200 EMA is the problem. But in the short term we are actually going up! Hopefully it is a good upmove.
Note that we are still bearish in the Daily charts. A break below 8000 makes the market bearish yet again.
Educational purposes only
1. MACD is crossing up
2. Divergence on MACD
3. Everyone feels that we will crash further (including me)
But first we need to break that 8500 area, after that the 200 EMA is the problem. But in the short term we are actually going up! Hopefully it is a good upmove.
Note that we are still bearish in the Daily charts. A break below 8000 makes the market bearish yet again.
Educational purposes only
Comment:
The 8500 is indeed giving resistance, I am hoping it breaks through and go to the next level at around 9000.
The 8500 is indeed giving resistance, I am hoping it breaks through and go to the next level at around 9000.
Comment:
First target for the bull flag is at 8657
First target for the bull flag is at 8657
I am seeing a bull flag on the 1H also