Watching $FIL for a potential drop
As long as $FIL stays below the SMA7 and SMA25, it looks primed for a move down to the support level, making it a short candidate
- Price below SMA7 and SMA25, - Bearish 10-bar trend, - Flat volume
A daily close above 0.8190 breaks this setup and potentially reverses the trend
Are you shorting this move on $FIL or waiting for a bounce?
As long as $FIL stays below the SMA7 and SMA25, it looks primed for a move down to the support level, making it a short candidate
- Price below SMA7 and SMA25, - Bearish 10-bar trend, - Flat volume
A daily close above 0.8190 breaks this setup and potentially reverses the trend
Are you shorting this move on $FIL or waiting for a bounce?