Conviction: 3/5
Still in downward channel / flag. better to wait for better entry - either on breakout of retest of support.
Thesis
recently retested & bounced off long-term channel support (1996/2000)
Risk
market risk = risk for everyone
daily RSI-D moving down from recent overbought status
Still in downward channel / flag. better to wait for better entry - either on breakout of retest of support.
Thesis
recently retested & bounced off long-term channel support (1996/2000)
Risk
market risk = risk for everyone
daily RSI-D moving down from recent overbought status
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.