- First chart shows price taking support on a trend line in daily chart and getting out of the descending channel pattern. MACD is about to give a buy signal, If you see the recent long and short signals of MACD in daily time frame has worked quite well.
- So it will be safe to go long above 20 day moving average.
- Last chart is the weekly time frame which also favors bulls.
- Week will turn negative only on a weekly close below 129.58
No comments:
Post a Comment