1st: Bounce off resistance
2nd: Heiken Ashi indicates a change in direction
3rd: Stochastics crossed in the oversold area and indicates a momentum change is likely.
Overall trend is bullish, so look for it to continue up soon, but one should be able to profit off a short for the next few periods.
2nd: Heiken Ashi indicates a change in direction
3rd: Stochastics crossed in the oversold area and indicates a momentum change is likely.
Overall trend is bullish, so look for it to continue up soon, but one should be able to profit off a short for the next few periods.