and potential for a wider market reversal.
4h chart...50 MA has crossed the 100 MA which has in the past been a very strong buy signal. Note the sell volume on the head is less than on the left shoulder. Than it's even less on the right shoulder (assuming the lows hold). Confirmation on a break of the neckline as always (with some volume ).
4h chart...50 MA has crossed the 100 MA which has in the past been a very strong buy signal. Note the sell volume on the head is less than on the left shoulder. Than it's even less on the right shoulder (assuming the lows hold). Confirmation on a break of the neckline as always (with some volume ).
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Declining sell volume is a good sign...need to bounce here though.
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Hidden bull divergence on the daily chart (Stock RSI)
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At neckline resistance...anything is always possible but this should eventually break. To assume it won't is IMO some form of battered bull syndrome, tough to look at this objectively and not admit it's playing out beautifully.
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1h chart showing bearish divergence on rsi...if we lose 7400 could get a nice pull back before higher.
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Looks like a bull flag on the 2h chart
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If you took profits on the bull flag target...this test of support on the 2h seems like it might be as good a time as any to reenter.
