Uptrend
I closed all my open positions when the price was near the All-Time High (ATH) and observed a bearish candle at the end of June 11th. Now, the chart is attempting to break the resistance (S/R) level again. However, I've noticed a divergence between the main chart and the Awesome Oscillator (AO), which leads me to believe we will either see a correction below this level or a pullback after a potential breakout. I am waiting for one of these scenarios to materialize before re-entering with new buying positions.
I closed all my open positions when the price was near the All-Time High (ATH) and observed a bearish candle at the end of June 11th. Now, the chart is attempting to break the resistance (S/R) level again. However, I've noticed a divergence between the main chart and the Awesome Oscillator (AO), which leads me to believe we will either see a correction below this level or a pullback after a potential breakout. I am waiting for one of these scenarios to materialize before re-entering with new buying positions.
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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.