Volume divergences play very cleanly on weekly indices.
CME's NY1! tracks the Nikkei chart to a tee, with an added bonus of volume.
Regular bearish played out strongly and landed right on McGinley as support with an exaggerated bullish divergence to pop it back up. Although the author does not agree on using any moving average as a signal, this looks like a great spot to buy with a tight stop and minimal chance of reversal if it does break down here.
Watching the aqua line ($23005 area) for resistance and for any correlation between U.S. equities and cryptocurrencies.
CME's NY1! tracks the Nikkei chart to a tee, with an added bonus of volume.
Regular bearish played out strongly and landed right on McGinley as support with an exaggerated bullish divergence to pop it back up. Although the author does not agree on using any moving average as a signal, this looks like a great spot to buy with a tight stop and minimal chance of reversal if it does break down here.
Watching the aqua line ($23005 area) for resistance and for any correlation between U.S. equities and cryptocurrencies.
My published indicators: www.tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)