Divis is indicating a reversal, with the monthly candle successfully retesting the 1/1 Fann angle and closing above the 1/1 Resistance level.
A conservative entry point is above 3807, but a more aggressive trader may consider entering at the current level, especially given the strength shown by other indicators such as MACD and RSI.
The stop-loss can be set at either the low of the previous week's candle or the weekly 5-period Moving Average (MA).
A conservative entry point is above 3807, but a more aggressive trader may consider entering at the current level, especially given the strength shown by other indicators such as MACD and RSI.
The stop-loss can be set at either the low of the previous week's candle or the weekly 5-period Moving Average (MA).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.