MACD bearish and OBV < ema50(OBV). No OBV local bottom yet.
MACD bearish as it resists R2 pivot. OBV just turned bearish
MACD mildly bearish. OBV a little weak, OBV < ema50(OBV).
If no short was taken at 38x with the OBV divergence, we may have a good re-shorting opportunity soon. The OBV is nearing the bearish trendline and the bullish price momentum is topping out. A good move would be to re-short soon with a tight stop loss should the OBV be breached, with a long position as a contingency.
I recently began using OBV more in my trading and I find it very interesting to say the least. To keep it short, the main thing I would like to point out is the correlation between the last two significant drops and what we are currently facing. Using an OBV trendline established during the SR drop and the current wedge forming on OBV I'd place the bottom around...
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