Aside from the clear divergence on this chart (courtesy Clickcharts), you can see the new little red bar on the Trend Indicator/Oscillator, that says sell, has appeared this morning. Of course the day is young so we shouldn't get too eager. If however, say, tomorrow it goes well below the blue trendline I have drawn, then maybe the autumn decline is here....
An additional and better confirmation would be seeing price action go below the August 17 bottom on fairly high volume...that means going below the horizontal magenta line I have drawn...
Patience again, wait for clear signals....
No comments:
Post a Comment