THE SELLING PRESSURE CONTINUES.....see notes on chart.
Comments
Mitch_Financial
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Agreed.
Barker
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Stay short after the run up on Friday? 297 currently...
nmike
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I would cover here.We have a gap up above the 10ma and a shorter DPO bar,this is an aggressive buy as long as it stays above the 10 MA and the DPO bars get shorter.Overall trend is still bearish.A new BULL(daily) trend begins only if the 10MA crosses the green KC line and the SMII closes above mid point.An established (generally) BULLISH TREND is confirmed by candles above the MONTHLY 10MA. https: //tradingview.com/e/iZJheQ1i/
Barker
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Sounds good. I covered at the open and was considering going long. Didn't pull the trigger yet tho. Thanks.
nmike
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another reason for covering,we have HAMMER at 2 support levels and near the
38% F.B. retracement, tradingview.com/e/akzyvYT5/