Since 2015, this trend has been held within the pitchfork very nicely.
Also note how RSI double tops just as price attempts to exit the upper quartile of the pitchfork and fails. I'm expecting a similar outlook for the completion of the next rally.
Also note how RSI double tops just as price attempts to exit the upper quartile of the pitchfork and fails. I'm expecting a similar outlook for the completion of the next rally.
Note
most conservative target for the move is 818 based on median lineNote
Median Line Hit - Next Target = Next Quartile resistance, about 1000-1100Note
expect resistance as price approaches upper diag, around about 1050Note
Price went from upper quartile to lower quartile in a matter of 6 days. That has to be some sort of record.Note
PF still holding steadyNote
bouncing up from ML = bullishNote
on diag resistance atmif it breaks, look for a reach of the next diag up.
Note
clearly above pf diags - approaching parabolic conditionsML is mean so expect price to wick to ML w/pullback
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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.