That dreaded or...
For me this looks like a bull trap . If you look to the RSI, it tested the resistance and spiked up (from 20.0) to over bought zone (75.0). For me this is not a convincing climb to start an uptrend or breakout out to start a new wave up.
This is not trading advice. This is something I use for education purpose and for fun. Constructive criticism is always welcome
For me this looks like a bull trap . If you look to the RSI, it tested the resistance and spiked up (from 20.0) to over bought zone (75.0). For me this is not a convincing climb to start an uptrend or breakout out to start a new wave up.
This is not trading advice. This is something I use for education purpose and for fun. Constructive criticism is always welcome
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