AF is trying to gap fill with a strong bullish engulf, it is trying to break 6. Weekly sell remains (RSI=43, MACD=-1.1, ADX=50) against recovering daily strong buy (RSI=70, MACD=0.1, ADX=36). The weekly pressure will be omitted if it breaks through Fib0.328(5.993).
A follow-through is needed. Long Still 4.5.
A follow-through is needed. Long Still 4.5.
Nota
Worth mentioning, this is a natural response post 6-red weeks. Thus, the buying pressure increasing, and I am not taking profit yet. It is either break-even or TP higher.Nota
AF touches break and heavy profit-taking happens at Fib0.328=5.99.Development of this week will conclude the direction as long as 4.5 holds.
Nota
Daily chart - first support test EMA50 post bullish engulf week.
Upside 5.2
Downside 4.5-3.8 zone.
Nota
AF hits 3.8 and falls below. It is not retesting the key level and should consolidate between 3.3-4.5 where scalping will happen.Nota
AF is in range trade (3.3 - 4.5) good for scalping.Long term, it should consolidate this year and continue next year mid and later.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.