Price is closing past both KAMA and Kijen Baselines. We're meeting some heavy support as both the 50 and 200 Moving Average sit just under the closing candle. There has been some rejection so I am looking forward to sell after the retest of the previous structure as shown in the chart.
As you can see in the RVI there has been some divergence in price as well. Price had begun to make lower lows on the indicator. NOV 24 low is Lower than NOV 17 and NOV 6 low. We should see a correction forming soon.
As you can see in the RVI there has been some divergence in price as well. Price had begun to make lower lows on the indicator. NOV 24 low is Lower than NOV 17 and NOV 6 low. We should see a correction forming soon.
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