5min TF shows likely reversal of uptrend
Throughout this uptrend the 5min timeframe has shown a consistent pattern of a new high which then consolidates with a corrective pattern that results in a 50/200 Death Cross followed by a 50/200 Golden Cross which then leads to a new Higher High.
It looks like the uptrend may have topped as the most recent consolidation looks different. We see the 50/200 Death Cross followed by a Golden Cross but then we got a Lower High which was then followed by another Death Cross.
It looks like the uptrend may have topped as the most recent consolidation looks different. We see the 50/200 Death Cross followed by a Golden Cross but then we got a Lower High which was then followed by another Death Cross.
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