top of page

🖥️ Technical Screen: Building a Base

Writer: Lester Davids
Lester Davids
2 hours ago
1 min read

Published post-market close on Wednesday 21 October for Thursday 22 October.


Disclosure: The screen/commentary below was compiled using an artificial intelligence tool, based on my own data.


Long-term trend is bearish, but short-term bleeding has stopped. Price action is chopping sideways in the neutral zone, potentially forming a structural floor.


What can change: If short-term momentum breaks below 42 again, the base will fail, leading to a capitulation flush to new lows.



Comments


bottom of page