- Price is oversold on the Stochastic Oscillator
- Price reversed at recent low
- Might form a double bottom
- Price reversed at recent low
- Might form a double bottom
Note
4-hr chart- Consolidation
- Price neither oversold nor overbought
- Price recently broke above EMA (25, close) and closed on a retest
Predictions: Watch for bullish candlestick to form breaking above consolidation zone
Note
1-hr chart- Consolidation
- Price overbought on Stochastic Oscillator
Note
Key Analysis: Since price oversold on daily and overbought on the Stochastic Oscillator from the hourly this could mean that price will go on a brief downtrend, maybe retest at the EMA (25, close) on the 4-hr or hourly chart and then resume uptrend
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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.