MVP SYSTEM
this one is fairly obvious.
MOMENTUM- rsi broke from the triangle; sharply lower
VOLUME- not only was the volume light during this last move went upward, now there is a larger volume red engulfing candle
PRICE- as stated, large red candle. price broke below the topping area. and there is a smooth/rounded top here.
the weekly chart had a breakout to the upside; i suspect this move downward to be a pullback to the last support
this one is fairly obvious.
MOMENTUM- rsi broke from the triangle; sharply lower
VOLUME- not only was the volume light during this last move went upward, now there is a larger volume red engulfing candle
PRICE- as stated, large red candle. price broke below the topping area. and there is a smooth/rounded top here.
the weekly chart had a breakout to the upside; i suspect this move downward to be a pullback to the last support
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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.