If you look at the stochastic on the hourly, we are pointing down from overbought area in the second from bottom pane here.
Further, there is a declining trendline on the RSI acting as a resistance.
I think we will get a pullback to mid 44's before we see which way the market decides to go.
The weekly is about overbought on the stoch, but whether or not we get a false bar there remains to be seen. Need to see it level off and start pointing down before making any assumptions.
Further, there is a declining trendline on the RSI acting as a resistance.
I think we will get a pullback to mid 44's before we see which way the market decides to go.
The weekly is about overbought on the stoch, but whether or not we get a false bar there remains to be seen. Need to see it level off and start pointing down before making any assumptions.
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Weekly
Commentaire:
If you look at that giant green weekly weis wave, I wouldn't be surprised to see this red one continue to grow, effort vs result.
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Commentaire:
Volume divergence weekly suggesting bulltrap city
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