Price rejected at the top of the Pitchfork range which bagn from the tops of the 2000 Dot-com bubble and the lows of the 2008 financial crisis.
Note
As you can see, both the weekly and the monthly RSI is severly oversold and in need of a breather and look to have begun their decline.The bearish wedge is also running out of room and soon as to make a decision on whether it is to go up or down.
Pipes are slowly beggining to leak as we have seen in China with evergrande and US companies and insiders pulling out of the markets.
Note
The beauitful bearish wedge which everyone has become very much accustomed to (on the daily) Note
Closer look on the 4hr -
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.