The very oversold February 2 low (circled in orange) is bothersome to me - this low is super OS across the board and I don't believe price could / should go up without clearing this low with an RSI divergence.
To add to this, the bounce since that Feb 2 low is forming an ABCDE triangle, which is a continuation pattern - this case would be to the downside.
On a one degree large scale, the chart is in a WXY expanding flat.
All this points towards a low 80k lower low (bottom?).
To add to this, the bounce since that Feb 2 low is forming an ABCDE triangle, which is a continuation pattern - this case would be to the downside.
On a one degree large scale, the chart is in a WXY expanding flat.
All this points towards a low 80k lower low (bottom?).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.