Bullish Scenario
Fed meeting goes well, nothing surprise the market.
This is the end of the bear cycle ending with a retest of a key area of support (420), which is confirm by the bullish divergence.
This is a whole falling wedge supported by the 20 monthly Ma (409).
Last candle was a big bear trap, fell below a key support and closed back over it.
Big volume days tend to happem at support.
This is the end of the bear cycle ending with a retest of a key area of support (420), which is confirm by the bullish divergence.
This is a whole falling wedge supported by the 20 monthly Ma (409).
Last candle was a big bear trap, fell below a key support and closed back over it.
Big volume days tend to happem at support.
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.