Created the gap in the morning and looks like it hit my downtrend line and got rejected, overextended from the 5ema on the daily chart and also overbought on most smaller charts( 1h, 30m etc) on top of these signals weekly chart has a death cross. I think it ran too fast and might get pulled back a little. In addition to that the weekly death cross has me thinking it’ll come to the 200ema on the weekly chart. Is todays candle a bull trap?
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.