Based on the current chart,
COMP
is showing some strength.
When the CSTP indicator shows a blue candlestick body with red wick/tail. it is an indication of a potential bearish move, unless the next candle after it close as bullish (green or blue candlestick with green wick)
I will expect it retrace to the yellow moving average line before a possible uptrend reversal, else the bullish move continues.
Trade smartly and apply risk management.
COMP
is showing some strength. When the CSTP indicator shows a blue candlestick body with red wick/tail. it is an indication of a potential bearish move, unless the next candle after it close as bullish (green or blue candlestick with green wick)
I will expect it retrace to the yellow moving average line before a possible uptrend reversal, else the bullish move continues.
Trade smartly and apply risk management.
smartanalyst
