My thoughts are still quite bearish for the mid term with quite some volatility. Most of the reasoning is visible in the chart. Additional reasoning is that weekly RSI has more than enough room to drop, also weekly MACD has crossed and as of yet the balance between longs vs shorts is still too much skewed to longs. The long/short ratio was als not significantly...
It is a bit messy but bare with me (pun not intended)
Previously I published a bearflag which is coming true.
The blue arrow is the same size as the blue pole at the bear flag, The orange horizontal line is where the run really started, red thin line is the trend from early september-oktober after China FUD and Seg2x FUD.
I expect that we will follow the purple...
