We are sort of in the middle of downtrend. I like to wait for clear trend reversal.
Should be around January/February IMO unless Death Cross flips and price goes above moving averages.
There is also a bear flag formation under the death cross.
What I see as most important - the biggest selloff happened when price crossed under 50DayMA , not the death cross.
This is the reason I am watching SPY and AAPL moving average for downturn.
Next trend on Daily is bearish. Next trend on Weekly is bullish.
To me, this mixed signal implies that the downtrend for MCD will be short as the next Weekly trend is bullish.
When the MCD downtrend stops, this would be a good bullish entry point as the Weekly trend will flip bullish as price crosses back above moving average.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL
Should be around January/February IMO unless Death Cross flips and price goes above moving averages.
There is also a bear flag formation under the death cross.
What I see as most important - the biggest selloff happened when price crossed under 50DayMA , not the death cross.
This is the reason I am watching SPY and AAPL moving average for downturn.
Next trend on Daily is bearish. Next trend on Weekly is bullish.
To me, this mixed signal implies that the downtrend for MCD will be short as the next Weekly trend is bullish.
When the MCD downtrend stops, this would be a good bullish entry point as the Weekly trend will flip bullish as price crosses back above moving average.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL
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这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。