We are presently in a channel, two touches down and two touches up. Price appears to be heading back to the bottom of the channel.
Stochastic(14,3,3) has left overbought. Price, 34EMA and 55EMA are all below the 200SMA. It is also important to point out that the 34EMA is below the 55EMA.
What this means is that when price hits 6.07 or thereabout, we would need some confirmation: Stochastic(14,3,3) leaving the oversold region, price above 200SMA or at least 34EMA crossing above 55EMA, etc.
Alerts set. Now we wait.
Stochastic(14,3,3) has left overbought. Price, 34EMA and 55EMA are all below the 200SMA. It is also important to point out that the 34EMA is below the 55EMA.
What this means is that when price hits 6.07 or thereabout, we would need some confirmation: Stochastic(14,3,3) leaving the oversold region, price above 200SMA or at least 34EMA crossing above 55EMA, etc.
Alerts set. Now we wait.