1. Could be forming a big head and shoulders, Bulls are in control. 2. Bulls are very in control, straight bull. 3. Bears have been taking a breather and resting for a strong leg down.
Note
Looks like it is down to charts 2 and 3. I would say 2 is complete, but we haven't seen the breakout just yet. It feels likely, but feeling alone won't move this market.
Note
2 didn't work, on to 3. Slower bleed than I was hoping for....
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.