SNSN schreef op 20 november 2018 18:48:
Not perfect 'dragonfly' day-pattern was formed.
That's well expected short-term 'rebound' (read morning post) is confirmed (but not guaranteed - just a matter of probability).
Ok, new short-term 'low' (~136) was formed -->
new short-term 'high' is the next short-term target (~144-148). Anyway, the 'gap' should be closed, isn't it ?
The same story in another language: 'st-shorts' are closed --> switch to 'st-long' (up to ~144-148) --> new 'st-shorts' towards the 'final target' (read just old posts) .....
As for the mt-target, it's indeed ~127-130 (read morning post).
The 'accelerate/decelerate' oscillator shows just 'evident story' - essential rising in 'sell pressure'.
The 'mfi' is around ~40 (nothing is oversold yet), and 'macd' just crossed 'signal' moving further down, as both are (very) negative.
Just take care.