Held the 50sma well with nice follow through, however there is o/h resistance from the shorter t/f MAs and a potential rounding top. From a macro perspective a large H&S could be forming. Needs new highs soon otherwise look for a short entry IMHO.
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.
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.