Is there a still a chance it goes up? The bullish thesis looks compromised but if it hangs above 3820-3850 (20 and 10 day SMA) this week there is still a chance we break the trendline and move to 4100 - Could be still be a simple retracement/shakeout (50% retracement from july 14 low at @ 3815)
Note the hidden bullish divergence on the RSI and the muted volume today daily
Could bounce here as VWAP anchored at July 14 low is sitting at 3828
Note the hidden bullish divergence on the RSI and the muted volume today daily
Could bounce here as VWAP anchored at July 14 low is sitting at 3828
Trade active:
Wow
Strong breakout of the trendline
Did bounce on the VWAP anchored on the July 14 low
Strong breakout of the trendline
Did bounce on the VWAP anchored on the July 14 low
Trade closed manually:
closed position on the 15 min reversal at the open
Comment:
also visible on the 30 min tf