The price action formed on 12th/13th April 2021 is turning out to be a real demand area, where the professionals were most probably buying into the sell off.
The recent Stochastic divergence as price revisited that demand zone has proven itself to be a decent signal for those willing to get long.
The moving averages are now acting as the roadblocks and a close this week above the daily 50 exponential moving average (ema) will be a catalyst for more retail buying up to the 200 ema.
The recent Stochastic divergence as price revisited that demand zone has proven itself to be a decent signal for those willing to get long.
The moving averages are now acting as the roadblocks and a close this week above the daily 50 exponential moving average (ema) will be a catalyst for more retail buying up to the 200 ema.
