Conviction: 3/5
Main risk is that we will retest previous support at a lower level
Evidence
Risk
Main risk is that we will retest previous support at a lower level
Evidence
- breaking out of LT support (2007)
- RSI-D recently turned down from overbought levels
Risk
- Could retest previous resistance at lower levels in the coming weeks/months
- RSI-M and RSI-W are not showing particular signs of overbought or oversold
Note
broke above resistance! increased confidence
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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.