Proceed with caution
A possible short term burst reaching the horizontal support line as a retest but would fall back as a further retest. I do not believe it'll hit the channel line on that rising channel. Right now we can see that it is also forming a steep wedge that signals a temporary break to the downward trend which is also supported by the falling volume that signals it isn't verified. However, this can signal a short burst which is also supported by the MACD where it looks to be forming a positive cross that confirms my opinion.
I call it a 'positive cross' as the blue line is going to cross over on top of the orange versus a death cross which is the ones with orange line crossing on top of the blue. I have also marked out an example of a positive cross in a green arrow and death cross in red arrow
*This is in no way trading advice, simply an opinion
I call it a 'positive cross' as the blue line is going to cross over on top of the orange versus a death cross which is the ones with orange line crossing on top of the blue. I have also marked out an example of a positive cross in a green arrow and death cross in red arrow
*This is in no way trading advice, simply an opinion
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.