Not exact matches
The pattern should break soon, but we still advise traders to wait with short - term trades until a
clear move, as short - term
bullish and long - term bearish
signals continue to contradict here.
Using the
Bullish Percentage Indicator (BPI), we see a very
clear signal that the market may be forming a bottom and that the breadth of the stock is improving from an oversold condition in the Gold Miners Index (NYSE ARCA: GDM):
Today's open hinted that price action might not be the strong
signal to follow... We examine the psych of why today's open still shows a
clear bear
signal even though we technically broke into a «reversal of trend» from bearish to
bullish on the larger time frames.
Again, we had an up TREND /
bullish market bias, a
clear key LEVEL and then a
clear pin bar buy
SIGNAL formed in - line with the uptrend and the level.
The right thing to do is to wait for a
clear trade
signal and at least one confirmation at another timeframe... Wait for the
bullish chart
signals.