💾 Truist Financial Corp. (7th Biggest Bank USA) | Crash Ahead
Updated
The chart here looks almost identical to PNC Financial Services Group...
We've been receiving countless spam from banks offering all sorts of products, dozens of emails and phone calls every week... Now we understand why... It seems like they are desperate for money.
TFC Weekly Chart:
✔️ Notice how the green weeks have low volume vs the red weeks which have high volume.
✔️ The bearish cross on the MACD is very telling.
It is already crashing.
It started dropping in January 2022 and soon things sped up.
It is the same as with the SPX and the rest of the indexes the only difference is that these banks produced the worst week in a long while while the averages still have to move below support.
Major crash ahead looking for the bottom.
After the bottom is hit a long-term recovery should take place.
Namaste.
We've been receiving countless spam from banks offering all sorts of products, dozens of emails and phone calls every week... Now we understand why... It seems like they are desperate for money.
TFC Weekly Chart:
✔️ Notice how the green weeks have low volume vs the red weeks which have high volume.
✔️ The bearish cross on the MACD is very telling.
It is already crashing.
It started dropping in January 2022 and soon things sped up.
It is the same as with the SPX and the rest of the indexes the only difference is that these banks produced the worst week in a long while while the averages still have to move below support.
Major crash ahead looking for the bottom.
After the bottom is hit a long-term recovery should take place.
Namaste.
Comment
All bearish targets hit on this one and the crisis is yet to start.
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