Daily RSI/MACD bearish divergences and potential bearish pattern
Since July 30
Daily RSI
* Forms multiple bearish divergences
* Hasn't gone down below 60%
* IMO there's a 30% chance a third, three leg down pattern might unfold in the next two days.
MACD
* Hidden bearish formed in signal line (July 31, August 9, August 14)
* LL July 30 and August 9 (buy side)
* Micro Bearish divergence (sell side)
We might or might not reach 50k this week, but if RSI breaks down and MACD signal line starts to cross downwards... 40-35k
**please expand indicators planel
Daily RSI
* Forms multiple bearish divergences
* Hasn't gone down below 60%
* IMO there's a 30% chance a third, three leg down pattern might unfold in the next two days.
MACD
* Hidden bearish formed in signal line (July 31, August 9, August 14)
* LL July 30 and August 9 (buy side)
* Micro Bearish divergence (sell side)
We might or might not reach 50k this week, but if RSI breaks down and MACD signal line starts to cross downwards... 40-35k
**please expand indicators planel
Related publications
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.