First Post - Similarities with the Sept Correction
Could be at the bottom, but it's best to wait for the knife to land first.
Note
The bottom has reversed as predicted by the confluence of factors:Positive divergence on RSI
Double-top reject on 35MA to a lower-low
MACD similarity
If similarities ensue, we may see further upside and a reject on the 35MA
This will allow for a retest, ideally a double bottom, and then upwards momentum.
Watch for 35MA rejection on the 4hr and a double bottom reset.
Note
The double bottom should align around $298, but may be a fast move. It is best to not act until there is a bounce off of 298
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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.
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.