From the look of things, this shakeout could just be getting started.
We've got the false bar stoch letting up on daily timeframe. TOTAL ticker is at 3.618 fib on weekly and highly overbought stochastic. See comments.
Moving averages just starting to death cross on daily timeframes.
We've got the false bar stoch letting up on daily timeframe. TOTAL ticker is at 3.618 fib on weekly and highly overbought stochastic. See comments.
Moving averages just starting to death cross on daily timeframes.
Note
Note
This is TOTAL weekly showing trend based fib extension hitting 3.618 ^^Note
I think we will keep dropping to 52k area based on the stochastic and rsi still having room on daily. As well heikin ashi bars are still bearish. 
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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.