A Repeat of the 2019 Bear Market Rally?
Looking at 2019 vs today (2023) I can see som similarities on the chart.
Who knows honestly... But this chart looks potentially bullish to me!
- Ichimoki Tenkan-Sen crossed up above the Kijun-Sen as per 2019
- RSI hit around the same (70ish) as the pre rally in 2019
- Huge potential cloud incoming - seeing a 4d candle close in the cloud could be seen as bullish
- Sitting right on a long term diagonal trend line of which we had a similiar support and deviation down on in 2019
Who knows honestly... But this chart looks potentially bullish to me!
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.