Short
NOT GOOD
The UK might be heading to a downturn again, we can spot a divergency forming rsi is curling right at the same time as divergency is been created, indicating that prices might be heading down.
What I would expect to see?
Prices reaching the Purple Line and RSI weakening and confirmation with red brick. and if you want to be safe 2 bricks is recommended.
Would be cautious with this instrument.
What I would expect to see?
Prices reaching the Purple Line and RSI weakening and confirmation with red brick. and if you want to be safe 2 bricks is recommended.
Would be cautious with this instrument.
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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.