$VBIV 10 Day MA Reversal and Curl on the Daily
10 day MA reversal and curl.
Today's candle is just now passing
though the 10 day MA but still
presents an opportunity for the bears
so if the bulls keep the price up we may
be able to break this and that should
give confirmation of a bullish reversal.
Inverted hammer appearing
after the series of red candles
is indicative that a reversal is about to occur.
However, since the next candle
did not open above the previous day's close,
this indicates the bears
may still take control.
Further confirmation would
be needed to take the trade long.Depending on risk tolerance
2.84-3.02 stop/loss
4.56 target, if it blows
past that... woo hoo!
Today's candle is just now passing
though the 10 day MA but still
presents an opportunity for the bears
so if the bulls keep the price up we may
be able to break this and that should
give confirmation of a bullish reversal.
Inverted hammer appearing
after the series of red candles
is indicative that a reversal is about to occur.
However, since the next candle
did not open above the previous day's close,
this indicates the bears
may still take control.
Further confirmation would
be needed to take the trade long.Depending on risk tolerance
2.84-3.02 stop/loss
4.56 target, if it blows
past that... woo hoo!