Worth noting; the lack of negative TICK (blue histogram), the time of day when the "bottom" was made (9:50-10:10am CST). Also, the Fib. projections off of the bottoming seed wave (100% projection reached) and the support/resistance levels based off of breakout points (where price broke out became support, where price broke down became resistance).
Tuesday:
Higher Time Frame:
Daily; the overhead gap resistance on a reverse divergence looks to me like it will be worth a try at shorting:
Just an observation; When the 3/10 macd is in its 1a phase and the Moving Averages are oriented bearish with such a wide space between them as is the case in the above daily chart, one can look for a short opportunity at resistance.
{Update} I should have amended the above statement by saying; Unless we gap above resistance, which has been such a common theme these past few years. This morning's gap up was just ridiculous! :/
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