๐ On both the weekly and daily charts, the Stochastic Momentum Index (SMI) oscillator is in an interesting buy region.
๐ Daily chart:
On the daily chart, there was a ๐ป๐ซ bear trap signal.
I think a possible target is at $41.89.
In this troubled region marked in the yellow rectangle, there will be a window of opportunity for ๐ shorts, with a target of $30.
โกVolatility contraction
๐ Weekly chart:
๐ Daily chart:
The 21-period normalized ATR indicator on both the daily and weekly charts is showing a contraction in volatility.
Touching the 21 average with the possible breakout could signal a strong move, independent of direction.
๐ Daily chart:
On the daily chart, there was a ๐ป๐ซ bear trap signal.
I think a possible target is at $41.89.
In this troubled region marked in the yellow rectangle, there will be a window of opportunity for ๐ shorts, with a target of $30.
โกVolatility contraction
๐ Weekly chart:
๐ Daily chart:
The 21-period normalized ATR indicator on both the daily and weekly charts is showing a contraction in volatility.
Touching the 21 average with the possible breakout could signal a strong move, independent of direction.
ืจืขืืื ืืช ืงืฉืืจืื
