Interesting pattern on the hourly chart. Every time we have tried to cross the upper trendline there has been a clear negative divergence on stochastic. This time though, it looks different. Would we finally push above the trendline for a healthy retracement? Let's be clear - we are in a bear market so this move is nothing but a selling opportunity. Don't think we have seen the bottom yet!
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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.