-We have a long period of Going down, on avg we only have 4-6 weeks of going down, this ones been a little bit harder than before(around 60% retracement compared to 45-50% last time)
-BUT, the RSI is at the same place as last time(45/46 RSI)
-The stoch is low/close to 0 like like time.
-Tons of big news coming out in the next 1.5weeks.
-Holding the 30EMA(purple dot)
-low Volume like last time
You make the call. HIstory doesn't repeat, but it likes to rhyme.
Note
also disregard my shitty green line, i dont think were going much lower, im on a laptop right now and drawing is hard
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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.