EMBASKET's Oscillators Have Normalized And May Weaken Again

5 במרץ 2020

Further to our previous article, the EMBASKET bounced from its oversold condition. The RSI has normalized but has now hinged and is looking to head down. Moreover, today's candle (still to complete) is a long red candle, indicating strong bearish sentiment. If the EMAs head southeast again, with angle and separation, it will likely be off of an expanding downwards momentum.