MACD failure to maintain caused cutdown and in danger of crossing below to bearzone. Trix is still lagging in its effort to form bullish momentum. D+ & D- play tug-of-war game, so right now it is really direction-less. Stochastic just need hit and close above to switch the whole play and the rest might follow, for now, no clear sign of U-turn yet.
On daily levels: m:1326.5, w:1333.8, d:1326
PSAR: w:1278, d:1307.4
MAs cluster: 1326 to 1336.
On Intraday levels : MAs cluster is in the range of 1327 to 1337. Oversold condition reached, but still bearish.
Expectation: 1320-1330 range is now in play, break of eitherside might trigger some moves. I'm choosing the upper boundary.
On daily levels: m:1326.5, w:1333.8, d:1326
PSAR: w:1278, d:1307.4
MAs cluster: 1326 to 1336.
On Intraday levels : MAs cluster is in the range of 1327 to 1337. Oversold condition reached, but still bearish.
Expectation: 1320-1330 range is now in play, break of eitherside might trigger some moves. I'm choosing the upper boundary.
Trade active:
12:45am
I see a compression of demand here with 1322 as support. time to go long. 1324
