The week earlier saw the combined index chart log a double top, where last week started to break down. By midweek, the gap (from the previous rally after a breakout) closed. The week ended with a gap reopening.
On Friday, this would normally signal a reversal and a bullish reopening of the gap, but it looks a lot less likely given that the MACD is clearly downtrending, as well as the VolDiv confirming bearishness in more ways than one... going below zero line, etc.
So, for what it is worth, the reopening is likely to be a flash in the pan, and once it makes a lower low next week, it would really let it go - DOWN
On Friday, this would normally signal a reversal and a bullish reopening of the gap, but it looks a lot less likely given that the MACD is clearly downtrending, as well as the VolDiv confirming bearishness in more ways than one... going below zero line, etc.
So, for what it is worth, the reopening is likely to be a flash in the pan, and once it makes a lower low next week, it would really let it go - DOWN
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.