giacomo.ferrari15

giacomo.ferrari15

It looks like a nice head and shoulders. It is about to touch the trend line. Looks like the third wave is about to kick in. On the RSI it's oversold. On the ADX DI the trend strength is very ambiguous, probably because it is settling in that region. Also on the TDI we can see that the volatility is becoming lower, normally after the blue lines, which indicate...

giacomo.ferrari15

After being overbought and oversold in the past day or so, the price is approaching the lower shade of the first or second candle, depending on which time frame you are looking at it. An ascending triangle has formed. The 20 day and 50 day ema are about to cross, leading me to believe there will be a second rally (second elliot impulse wave). If we look at the TDI...