Alex_MV

Alex_MV Updated 

Hello and welcome to today's analysis! In front of us we have a 4h chart and we can see a couple of interesting things. First off we had a bullish MA crossover, 50MA crossed 200MA on 16th of June. Last time we had a bullish crossover like this one, the market rallied from 5300 to 8000+. Obviously, the market doesn't have the same strength as it had before when...

Alex_MV Updated 

Ascending triangle forming on the daily chart . We have touched 8800 multiple times in the past weeks, would probably need to test it once more before it breaks. At the same time breaking the blue trend line on the downside would turn the momentum bearish short term and we'd likely see a test of the 50MA @ around 7200. Chances are that this support level might...