It's clear Baba's RSI on the weekly is forming a base, as well as coming into a long term support trend. When the overwhelming majority are looking short/bearish the scales then tilt and no one is left to sell and only buyer are left to drive up price action. Short term accumulation zone is $75-95, buying long term LEAPS for March 2023. Not financial advise; short...
This is getting tighter and tighter. Last nights post we were watching to see if bulls could break the pattern bullish or if they'd have yet another lower high. The latter happened as bears defended their key level by $38.
Those not familiar with equilibrium's, I have tried to outline it with the lines drawn from each lower high and higher low (red and green...