Marching Higher? 6 Mar 2023
🖼 Daily Technical Picture 📈
➤ My current view of equity markets is based on today's chart colour scheme. Green and a bit of grey.
➤ With a strong rebound higher in markets over the last couple of trading days, I think things look pretty Bullish. The trend from the October 2022 bottom is Bullish. It is a series of higher highs and higher lows. The classical definition of an uptrend.
➤ It looks like the Sellers have dried up. All the selling has been absorbed by the Buyers. Everything pretty much adds up to the Bullish tone.
➤ The only grey is the price structure that I look at (my secret sauce) remains not so clear. There is not yet a trading signal for a BUY and there is still a reasonable possibility to go SHORT.
➤ How prices evolve this week will almost certaintly settle the case and we should see a trade soon enough. 🤞
➤ Conclusion: Looks can be decieving. 🥸
➤ My current view of equity markets is based on today's chart colour scheme. Green and a bit of grey.
➤ With a strong rebound higher in markets over the last couple of trading days, I think things look pretty Bullish. The trend from the October 2022 bottom is Bullish. It is a series of higher highs and higher lows. The classical definition of an uptrend.
➤ It looks like the Sellers have dried up. All the selling has been absorbed by the Buyers. Everything pretty much adds up to the Bullish tone.
➤ The only grey is the price structure that I look at (my secret sauce) remains not so clear. There is not yet a trading signal for a BUY and there is still a reasonable possibility to go SHORT.
➤ How prices evolve this week will almost certaintly settle the case and we should see a trade soon enough. 🤞
➤ Conclusion: Looks can be decieving. 🥸
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
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