We have a clear six month downtrend here from the start of the year and a clear megaphone structure.
It was always going to be hard for the price to break and hold above the megaphone but it is doubly hard to hold above the megaphone AND above the 6 month downtrend.
This dead cat bounce is on its 7th life.
It was always going to be hard for the price to break and hold above the megaphone but it is doubly hard to hold above the megaphone AND above the 6 month downtrend.
This dead cat bounce is on its 7th life.
Data analyst with a passion for best fit lines B)
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.
Data analyst with a passion for best fit lines B)
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.