An interesting relationship between the stochastic RSI and the price action. Are there clues here about potential price movement to come.
*Full disclosure: I am long. I think we are in the ballpark of a major impulsive move to the upside. Perhaps, not yet seated in the stands, but definitely in the parking garage walking through the arena doors.
*Full disclosure: I am long. I think we are in the ballpark of a major impulsive move to the upside. Perhaps, not yet seated in the stands, but definitely in the parking garage walking through the arena doors.
Note
And, yes, I'm aware that, following my logic, the oversold period could extend through the loss of this support. However, I merely mean to draw attention to the point that we could very well be on a very significant support with some dynamic price action to follow, either way.
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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.