Chart is self explanatory. As an additional note, notice last two price downward surges did not broaden up the B-Bands (the second surge had a higher low). This usually indicates a short-term trend change. I expect a re-test around 10700's to 10800's and reversal. It would go hand in hand with my end of Sept/beginning of Oct drop to 8k analyses (clearly visible on the weekly chart).
This is just something that caught my eye this morning, and I thought I should share this. This is just an idea, it's too early to tell right now.
This is just something that caught my eye this morning, and I thought I should share this. This is just an idea, it's too early to tell right now.
Note
Note that the whole formation is so crooked, that it also could just "try" to break anything it can. Looking at this close up, it could also just run for 10250's to try and reach just the last high and then go down to 9.5k for good. We shall see.Note
Retracting all said above LMAO, this might tank any moment
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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.