IRIS - Downtrend Continue ?
Starting last week, the trend starting to downtrend.
On 2 Mac already break support 0.360.
Current indicator:
- Stochastic drop to Oversold
- Momentum below 0
- Huge distribution activity
- No Banker Chip In activity
Projection:
- Trend will continue down if break intermediate support 0.315.
- Trend will heavily down if break 0.270.
Trend Reversal:
- If trend bounce up at 0.315 and continue to break 0.360, it is trend reversal indicator (trend up).
#NotBuySellCall
#EducationalPurpose
On 2 Mac already break support 0.360.
Current indicator:
- Stochastic drop to Oversold
- Momentum below 0
- Huge distribution activity
- No Banker Chip In activity
Projection:
- Trend will continue down if break intermediate support 0.315.
- Trend will heavily down if break 0.270.
Trend Reversal:
- If trend bounce up at 0.315 and continue to break 0.360, it is trend reversal indicator (trend up).
#NotBuySellCall
#EducationalPurpose
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