Going into September with an RSI nearing 80 on the monthly, I think a pullback is imminent. And outside factors are not gonna help.
Divergence on the RSI 4 times! Usually after 3 there's no going back but sometimes with things like Bitcoin or apparently the Nasdaq, you can have more because of the FOMO. We hit the 2.5-2.618 fib extension from the prior wave I cycle as shown. I'm thinking we enter a complex wave 4 of larger cycle degree soon. It's gonna be nasty and a lot of tech companies...
RSI DAILY MAKE IT OR BREAK IT mmmmm Time Analysis: Weekly Chart suggesting the TOP to be placed today 9th April 2021 and hence drop to start from next week. Will it happen? Time will tell and will display more scenarios to look at maybe.. GOODLUCK!
Hi guys after Friday rout there are new developments in stock market indicies. Last week price action on AMEX:DIA formed bearish reversal pattern buying climax above upper megaphone pattern line at the top of rising wedge. This rising wedge is 5th Elliot wave which is signaling trend will reverse soon. As you can notice in chart last week realized volume was...
Hi mates, i sharing my thoughs about markets from last week and my view for week ahead. So there is little summary of last week: Stocks AMEX:SPY and NASDAQ:QQQ had another up week and reach another all time high President-elect Joe Biden promise another $2000 stimulus COINBASE:BTCUSD soared to 40K and reach all time high TVC:TNX rose above 1% ...