inverted Cup and Handle
- structure looks real
- messy but descending volume profile
Oscillators
- RSI = 49, plenty of room for down
- MACD = flipping red soon for the first time since Jan
Target = 7.7k - 6.5k
- support at previous local high and local low likely, 8.8k and 7.7k, respectively
- yearly Pivot = 8k
- large support volume node at 6.5k
If real, will likely unfold throughout Q3 and be over by Oct 1st
- structure looks real
- messy but descending volume profile
Oscillators
- RSI = 49, plenty of room for down
- MACD = flipping red soon for the first time since Jan
Target = 7.7k - 6.5k
- support at previous local high and local low likely, 8.8k and 7.7k, respectively
- yearly Pivot = 8k
- large support volume node at 6.5k
If real, will likely unfold throughout Q3 and be over by Oct 1st
Note
price below cloud, < 8.8k, would support the bearish moves as wellNote
4h 50/200EMAs bear for the first time since Febpotential falling wedge that can reverse around 8.8
Note
Note
bearish e2e triggered here as wellTP = 8750
Note
FW w/bullish bias but no volume on breakout thus farNote
Note
this is still my overarching viewpoint waiting on a support break of Cloud + PF ML to seal the deal
Order cancelled
never fell below cloud on the daily, nor broke horizontal of Cupinstead we get A&E
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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.