OPENDOOR BULLS ARE BACK!!

13 июн. 2023 г.

OPENdoor stock has recently been doing alot of consolidation. In this current chart, the STC indicator has shown that there is a buy opportunity as it has changed from red to green. The green line has also crossed the bottom 25% line on the STC indicator. When a green line crosses that area, there is usually price action toward the upside. The SSL hybrid indicator has also shown that the candles has changed from red to gray and is now blue. This is a strong indicator of possible trend reversals. With the channel formed from the recent tops and bottoms, OPEN is sitting exactly in the middle. This can mean that OPEN has an even chance of dropping lower in the channel or rising higher in the channel. The SSL Hybrid indicator also shows that OPEN is sitting above the MA baseline which is bullish momentum. The zigzag indicator for this 4H chart indicates that we may still be heading toward the upside because the zigzag indicator did not recognize the recent high as a high point on the zigzag. By combining the signals from the STC indicator, ZigZag, and SSL hybrid indicator, there are more signs of rising price action then falling price action. Price movement can be unpredictable and can always make moves like bull traps, and bear traps. The 4H chart helps see the general trend over a longer time frame so you can better understand the market.