What happens NEXT ?
Generally Bullish Stock. is it now Over Sold range ? Contradictory messages here . The REVERSE Divergence says Go Bullish . Zig Zag says Go bullish . However the Reverse Channel clearly shows that Volumes are higher at RED candle seeking to push below the Reverse Channel . We have just seen a low volume Spring . usually a low volume spring means its a fake spring. So ? as soon as over head selling will come , Buyers will be overwhelmed and Prices will fall under their own weight .
Anyone out there who can guide me , most welcome. My own Plan is to wait. Wait for next day action. A Gap UP could be a most perfect trap. I will wait for net candle .. wait to see tyhe candles and volumes . Wait atleast 2 hours tomorrow. DONOT worry if prices zoom away.. THEY will usually retrace. We need to be safe rather than sorry here !
Anyone out there who can guide me , most welcome. My own Plan is to wait. Wait for next day action. A Gap UP could be a most perfect trap. I will wait for net candle .. wait to see tyhe candles and volumes . Wait atleast 2 hours tomorrow. DONOT worry if prices zoom away.. THEY will usually retrace. We need to be safe rather than sorry here !
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.