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 !