This week we might close with equal BUYERS and SELLERS.
After all the positive weeks from Mar & April we now came to a week where we are equal buyers and sellers.
Keeping it simple, not using technical terms much, I want to say that, this week we closed the candle with equal red and green.
So when this happens the following week will either spike up or spike down.
What do you think, comment below.
Now looking at the trend we are still making green candles and RSI shows that this week we may fluctuate between support level and resistance level.
But i believe it will not come down 7400 level.
What I would do now is, open the chart and try to look at MACD strategy for buy signals and wait for sell signal.
I am still bullish as i see all green candle weeks.
Make a strategy today for short trade between support level and resistance level for this week and coming weeks.
Thank you.
Keeping it simple, not using technical terms much, I want to say that, this week we closed the candle with equal red and green.
So when this happens the following week will either spike up or spike down.
What do you think, comment below.
Now looking at the trend we are still making green candles and RSI shows that this week we may fluctuate between support level and resistance level.
But i believe it will not come down 7400 level.
What I would do now is, open the chart and try to look at MACD strategy for buy signals and wait for sell signal.
I am still bullish as i see all green candle weeks.
Make a strategy today for short trade between support level and resistance level for this week and coming weeks.
Thank you.