Would you be surprised if we saw '00/'08 highs?
Look for a failure of the price block highlighted, similar price action noted in the previous highs of 2000 & 2008.
We see the relative strength fade as price continues to rally creating regular bearish divergence, after the break of the trendline hidden bearish divergence develops as the RSI shows higher highs and price continues to fall.
2000 and 2008 were screaming at us to be short. Will 20018/2019 do the same?
52-week Moving Average displayed.
Short until a break of the ATH proves us wrong.
We see the relative strength fade as price continues to rally creating regular bearish divergence, after the break of the trendline hidden bearish divergence develops as the RSI shows higher highs and price continues to fall.
2000 and 2008 were screaming at us to be short. Will 20018/2019 do the same?
52-week Moving Average displayed.
Short until a break of the ATH proves us wrong.
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