I know the Bulls are hoping this is a fake out and the Bears are hoping this is the beginning. Price has close slightly below the 50 EMA and MACD(Chris Moody) made a bearish cross and RSI dropped slightly lower. Bulls need price to reclaim the 50 EMA(blue curve) and have a bullish breakout out of the golden zone 13.83. Bears want a fully developed bearish MACD and lower RSI and price to move below the 50 EMA.
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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.