With the new monthly candle for June, we have a confirmed strong sell signal on the monthly chart for the first time since 2017 via the Wavetrend Oscillator.
Don't stare at the chart all Summer, enjoy the nice weather! :-)
Don't stare at the chart all Summer, enjoy the nice weather! :-)
Note
Hidden bearish divergence on the daily chart Note
In a bearish trend, RSI usually doesn't go much higher than the 55-60 level before turning back down. It looks like the 3 hour RSI is ready to turn back down now Note
With the candles hidden, we can see that the 12H Tenkan & Kijun are tightly paired and angled sharply down Note
1 month Ichimoku Kumo Cloud support is at 10k. Will we touch that sometime before 2023? I would imagine so. Note
Interesting spot for the Volume Point of Control to be located at Note
The Volume Supported Linear Regression Oscillator on the 4 day chart shows that we have been in a long term downtrend since 4/15/21 and we are just now about to cross the zero mid-line of the oscillator on the short term. 
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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.