Looks like it double bottomed with positive divergence on RSI.
RSI probably heads to the red line before dropping again. I'm not feeling very bullish, so I'll just sit out today.
Looks like the only way to make real money is to guess gap direction at the end of the day. Considering that the afternoon traders are wrong more often than not lately, it means betting against afternoon direction.
RSI probably heads to the red line before dropping again. I'm not feeling very bullish, so I'll just sit out today.
Looks like the only way to make real money is to guess gap direction at the end of the day. Considering that the afternoon traders are wrong more often than not lately, it means betting against afternoon direction.
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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.