KevinT

KevinT

Negative divergence setting in.

KevinT

Support does it's job. Still inside cloud. RSI and Stochs have diminishing velocity. Feel free to comment. French or German ; )

KevinT

Same patern. Only without QE eternal in the previous situation.

KevinT

Just some out of the box thinking. May of may not be the reality. The ATH looks like an overshoot looking at the trend in RSI and Stochs. The candles is in the progress of a downward triangle. Assumption: the main trend in RSI and Stochs will continue (lower trend line - black). Assumption: Third test of the support (14.246 ish). Failure due to CB buying. Tops...

KevinT

The setup is still valid. Midline managed to hold. RSI didn't go into the OB area, which is a sign of weakness. And turning down. For the Stochs goes the same. I'll be shorting this as a double top next week.

KevinT

....but the RSI en Stochs need to confirm.

KevinT

Do I need to say more? The candles are obvious. Hammer time. Up it goes. Too bad Tradingview doesn't support lower timeframe than 1day for more indepth analysis. Targetting below 14.656 area as I expect a lower right shoulder.

KevinT

Hi all, My first publication here. I find this a tough call, but I prefer down ass there is a bounce off fibo. All comments are wellcome. Positive or negative. Just don't give me names ; )