A Repeat of the 2019 Bear Market Rally?
Looking at 2019 vs today (2023) I can see som similarities on the chart.
Who knows honestly... But this chart looks potentially bullish to me!
- Ichimoki Tenkan-Sen crossed up above the Kijun-Sen as per 2019
- RSI hit around the same (70ish) as the pre rally in 2019
- Huge potential cloud incoming - seeing a 4d candle close in the cloud could be seen as bullish
- Sitting right on a long term diagonal trend line of which we had a similiar support and deviation down on in 2019
Who knows honestly... But this chart looks potentially bullish to me!
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