NASDAQ: Weekly Long into 2019 Winter Rally Coming | On Volume

22. Dez. 2018

I have covered the reasons why I should go long on the monthly chart:

Now, here are reasons why I am going long on the weekly chart:
(1) Divergence
(2) Indicators oversold and at extreme levels
(3) Price at weekly/monthly support
(4) Upward sloping 200 week moving average
(5) Volume divergence

Note about volume divergence:
This week's drop from December 17 to the 22, 2018 had no air relative to the wide spread bar. No buyers, but also this is volume divergence. And, location is important in this case. It is at support or really close to it.
There is no reason to panic, but buy this market fall prematurely before we see a bullish green candle. Or, I can wait for a weekly green and then buy. Or, just hold what I have and take a break and watch the obvious happen.

22. Dez. 2018

Trade ist aktiv

22. Dez. 2018

Anmerkung

22. Dez. 2018

Anmerkung

Reversal pattern has run its course in the context of a long-term uptrend.