1 day candle sticks show we had a healthy pullback and have not yet reached the peak for a reversal\sell off (on the RSI).
We have not hit the few major resistances
I'm still bullish as 7000 is the expected target before a reversal. Take note of the RSI chart and its peak coinciding with sell
NOTE: I'm using my new wide screen to accomplish more details into the charts.
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We have not hit the few major resistances
I'm still bullish as 7000 is the expected target before a reversal. Take note of the RSI chart and its peak coinciding with sell
NOTE: I'm using my new wide screen to accomplish more details into the charts.
** Please click on like if this is helpful or appreciated**
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Resistance and support are derived from the overall chart. Take note of the RSI chart and its peak coinciding with sell offs.
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Closeup view
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Also an interesting observation on volume throughout the months, its really dropping from previous bull runs. It can mean we are getting to the end of a merging wedge or triangle for a breakout.
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Close up, we are at a critical point.Either up or down. RSI says we are over sold.
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Latest as its consolidated.
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NOTE: most importantly at that time (6700 range), the volume has to increase before buying and the RSI must not be high. My opinion, it is more unlikely to happen as it requires people to continue buying and looking at the volume, I don't see it. But never know because the 4 hr chart shows RSI on the bottom
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Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.