Daily RSI trendline broken, euphoria at it's maximum, people buying <3DTE calls like it's an infinite money glitch...
Once that trendline on the wedge breaks, get ready for the fireworks.
Once that trendline on the wedge breaks, get ready for the fireworks.
Note
There's been a bear div building on all higher timeframes as well. Premarket today already appears like it may open below the wedge. A lot of pigs will get slaughtered.Note
If the Friday June 21st candle closes below that trendline, big oooooof.Note
I'd like to see price reach that bottom trendline (right around the rising 50 EMA) and hold for a long entry. MACD, RSI still trending down, LB Squeeze looks to want to flip.
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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.