Starting to see evidence now of the weeklt MACD histogram TEP flattening out which is hopefully signalling the start of an upward trend for a while (+). Price is still ~7% below EMA (+). However, trend is downward so yes, I am playing a contrarian trade currently.
I'm risking a drop to ~600 given the position of the price within my channel (-). However given the RSI being oversold (-) and the MACD histogram divergence signal which I believe is strong I'm going to stick this one out.
RSS Feed