On Daily
1. Price near to the down trend
2. Price near to the 50 EMA (below)
3. Price near to Monthly Pp (below)
Observations:
1. Early break on RSI
2. RSI up channel (Below 50 level)
3. RSI Divergence
Accumulation/Distribution?? (Yellow area)
Where Are We NOW!
The price is reaching strong Area Of Confluence (AOC).
What is The odds?!
1. If breaking AOC with high Volume its Likely (Reversing) to an Up Trend.
2. If breaking down channel its Likely (Continuation) for the current Down Trend.
1. Price near to the down trend
2. Price near to the 50 EMA (below)
3. Price near to Monthly Pp (below)
Observations:
1. Early break on RSI
2. RSI up channel (Below 50 level)
3. RSI Divergence
Accumulation/Distribution?? (Yellow area)
Where Are We NOW!
The price is reaching strong Area Of Confluence (AOC).
What is The odds?!
1. If breaking AOC with high Volume its Likely (Reversing) to an Up Trend.
2. If breaking down channel its Likely (Continuation) for the current Down Trend.