Hi everyone,
Thank you for considering reading my idea.
In addition to some bullish TA I have been posting recently, I just noticed that when we closed our weekly, the MACD histogram gave us an impulse. This means that momentum or the MACD line (yellow line) is weakening to the downside meaning sooner or later we may see a reversal of the MACD line and the Signal line.
We also have, somehow, a hammer candle. Not sure if it's valid or not but this candle is a bullish reversal candlestick pattern indicating that we may have started to reverse and go to the upside.
Like this idea and follow me for more analysis like this. TAYOR.
Cheers,
Juvs
Thank you for considering reading my idea.
In addition to some bullish TA I have been posting recently, I just noticed that when we closed our weekly, the MACD histogram gave us an impulse. This means that momentum or the MACD line (yellow line) is weakening to the downside meaning sooner or later we may see a reversal of the MACD line and the Signal line.
We also have, somehow, a hammer candle. Not sure if it's valid or not but this candle is a bullish reversal candlestick pattern indicating that we may have started to reverse and go to the upside.
Like this idea and follow me for more analysis like this. TAYOR.
Cheers,
Juvs