My Momentum Master indicator is showing extremely overbought levels on the Monthly, so when the red/white/green histogram falls below 15 it will signal the likely beginning of a tremendous bear market that could last 3-6 years overall.
We can see what happened last time this signal occurred on PNE as indicated in my drawings here.
Of course based on the previous high and higher high making an ascending resistance means there is more potential upside first.
We can see what happened last time this signal occurred on PNE as indicated in my drawings here.
Of course based on the previous high and higher high making an ascending resistance means there is more potential upside first.
Note
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.
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.