--Educational Purposes Only, not Trading Advice --
Seeing as today's candle had long wicks, I decided to investigate whether there might be a reversal on FRGI.
The Volatility on FRGI has stopped increasing so fast today, similar to 26 Nov '21, 29 Dec '21, and 19 Jan '22.
This leads me to believe that there is a possibility for a reversal if the Volatility doesn't start increasing as fast as last week.
In addition, a candle must open higher than the MA for there to be a reversal. It seems that the MA is a strong resistance on this graph.
So, if a candle opens above the MA, the Volatility continues to stop increasing, and we see more long wicks, there is a good chance that FRGI might start to increase.
Let me know your thoughts! Thanks for reading!
Seeing as today's candle had long wicks, I decided to investigate whether there might be a reversal on FRGI.
The Volatility on FRGI has stopped increasing so fast today, similar to 26 Nov '21, 29 Dec '21, and 19 Jan '22.
This leads me to believe that there is a possibility for a reversal if the Volatility doesn't start increasing as fast as last week.
In addition, a candle must open higher than the MA for there to be a reversal. It seems that the MA is a strong resistance on this graph.
So, if a candle opens above the MA, the Volatility continues to stop increasing, and we see more long wicks, there is a good chance that FRGI might start to increase.
Let me know your thoughts! Thanks for reading!