AI
Monday, July 29, 2019 4:39:27 PM
The Ichimoku overlap of the Tenkan-Sen (conversion line) directly on top of the Kijun-Sen (base line), represented here in my chart clip as a blue and white lines making a straight and overlapping line, is very unusual and rare to see.
This is indecision between buyers and sellers and also reflects Momentum
indecision.
The two lines converged on 7/19 and have remained strictly horizontal for 7 trading session. You can search thousands of charts to find such a thing!
If the conversion line breaks upwards above the base line, then buyers are making a statement and the signal will be a "weak buy" signal. The opposite is true.
We shall see.
I have time.
My research and my opinion. My opinions is not a recommendation to buy or sell a security. Your decision whether or not to make a purchase should be based on your own due diligence.
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