I am expecting an ABC correction in XJO in the short term.
I think we are about to see the start of a C wave this week unless we can break that trend line.
MACD indicates a " sell " signal.
At this stage, I am still bullish in mid to long term as long as we can STAY above or inside the triangle + above the 50 MA.
I think we are about to see the start of a C wave this week unless we can break that trend line.
MACD indicates a " sell " signal.
At this stage, I am still bullish in mid to long term as long as we can STAY above or inside the triangle + above the 50 MA.
Comment:
50 MA = yellow line.
Trade active:
New Coronavirus Cases Slow, Stocks Set For New Record Highs. But I am still expecting a pullback very soon.
