Got a pretty wicked Hidden Bullish Divergence on the Daily Stochastic RSI, which is currently sitting deep in oversold territory and looks like it will be crossing to the upside when the Daily closes. Steadily increasing 20 period VolumeMA, and sitting at the bottom of the upper Donchian Channel. 12 Hour Donchian is actually showing me an entry signal, but no secondary confirmation yet. Also, the CM Guppy has flipped bullish on the daily for the first time since August, in the past this has suggested an extended bullish trend. Lastly, I see a small, but legit, divergence on the On Balance Volume indicator. The recent lower lows were accompanied by higher lows on the OBV signifying that the down move is weak and could be near a reversal. While this all looks very Bullish to me, my primary indicators have yet to agree with each other. So, no entry yet, but lots of stuff to keep an eye on.
Comment:
Possible confirmation on the 12H. If it's still there in 5 hours when this candle closes, I will look for a good place to enter long.
Comment:
Ended up bein a nice trade!