1. Price at bottom of the channel 2. Divergence at RSI at Daily TF 3. Oversold Weekly Momentum
In Favour: 1. DOW in play 2. Reversal achieved Against: 1. Economic Indicators (Unforeseen)
In Favour: 1. DOW in play 2. Key area being respected 3. Overall Bullish Against Favour: 1. Weekly trend bearish 2. Further correction / consolidation Not a trade call. Do your own analysis and risk management. Good Luck !
1. Price in on a key level 2. Liquidity grabbed by institutions 3. Momentum towards bulls
Just a trade idea and not a buying call. Change of Character has occurred. The trend seems bullish onwards.
