.
Short set up
notes on chart
Now that's a bullish engulfing candle!
one to watch bear flag possible
My bet based on size of distribution volume on this that it hits lower support line and gap fill.
Could IYR be due for an oversold bounce?
Interesting correlation between to unrelated sectors. It seems odd that both of these sectors would turn up or down at the same time. Any help in explaining this correlation would be appreciated.
Look to the left to be right. Pulling back towards the EMA30 soon. Note RSI reversals.
Notes on chart. Weekly presents shooting star, nearing trendline, 2nd attempt at 1.216 ext
RSI Divergence...
Divergence in RSI
Wedge, gap below. Toppy action. Also worth noting that HS target was not met. Watch MACD.
