There is one conclusion here. At every price level one can find both bullish and bearish arguments for where the price will do next.
But, Not every argument is equal.
In this case, volume is bearish, while the RSI is showing a bullish divergence.
Which one are you going to follow, a lagging indicator or the fuel of the market ?
But, Not every argument is equal.
In this case, volume is bearish, while the RSI is showing a bullish divergence.
Which one are you going to follow, a lagging indicator or the fuel of the market ?
King