Description
⋅ RSI momentum decreasing on the 1D TF (+divergence)
RSI momentum leveling out on the 1W TF and seems to starting a turn upwards
Possibly setting up for a first bigger retracement, but still room for further down movement I think, if you compare to the "januari sell-off"!!
just my 2 cents ;-)
JD.
#nottradingadvice #DYOR Comment
⋅ Setting up for a bounce back at the green or red trendline?
Comment
⋅ I guess it bounced off the red line,... quite exactly actually! ;-) Comment
⋅ Let's see if the histogram bounces off this trendline or breaks it.
With a break a further down move is to be expected.
Comment
⋅ Bounce or break coming closer!
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⋅ If the histogram bounces back down from the green trendline, I expect a retracement back to the wedge that I think is forming.
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⋅ ...and it bounced back to retest the lower resistance level! ;-)