Negative divergence between daily price chart and money flow index coupled with a break below 5-DMA today would indicate the index is heading towards double top neckline level of 18,264 levels (23.6% of 17060-18636).
On the higher side, a break above the daily high of 18,631 levels would open doors for record highs; still, caution is advised as money flow index has diverged since the beginning of the current month.
On the higher side, a break above the daily high of 18,631 levels would open doors for record highs; still, caution is advised as money flow index has diverged since the beginning of the current month.
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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.