➖ Yesterday TOTAL closed above EMA50; support holds.
➖ Today, TOTAL broke below EMA50 on high volume; support breaks.
Chart signals
➖ EMA50 is a medium-term moving average, which for us means a time duration between 1-3 months.
➖ Breaking below EMA50 opens up the possibility for the TOTAL index to drop medium-term, i.e. 1-3 months.
➖ A positive signal is the fact that TOTAL is still trading above its 20-March low but this is likely only temporary. Related pairs and markets went on to produce lower lows and some are trading all the way down already; what one does, the rest tends to do the same.
➖ The RSI is already way below 50, almost reaching 40.
(Weak RSI confirmed.)
👉 I guess we will be looking at new bullish action within 4-6 months and new highs late 2024 or early to mid-2025.
What's your take?
You can find the targets (support) on the chart.
Namaste.
➖ Today, TOTAL broke below EMA50 on high volume; support breaks.
Chart signals
➖ EMA50 is a medium-term moving average, which for us means a time duration between 1-3 months.
➖ Breaking below EMA50 opens up the possibility for the TOTAL index to drop medium-term, i.e. 1-3 months.
➖ A positive signal is the fact that TOTAL is still trading above its 20-March low but this is likely only temporary. Related pairs and markets went on to produce lower lows and some are trading all the way down already; what one does, the rest tends to do the same.
➖ The RSI is already way below 50, almost reaching 40.
(Weak RSI confirmed.)
👉 I guess we will be looking at new bullish action within 4-6 months and new highs late 2024 or early to mid-2025.
What's your take?
You can find the targets (support) on the chart.
Namaste.
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🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。