Technical:
(1) Double Wave Down
(2) 38% weekly to monthly retracement confluence with double wave
(3) All trenlines are facing up
(4) moving average support
(5) Still above the 200 moving average
(6) oversold market in the stochastics, MACD and RSI
(1) Double Wave Down
(2) 38% weekly to monthly retracement confluence with double wave
(3) All trenlines are facing up
(4) moving average support
(5) Still above the 200 moving average
(6) oversold market in the stochastics, MACD and RSI
Trade active
This is a good buying opportunity.
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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.