I’m sensing a reasonable pullback. Several reasons.
Fear and Greed index
Ascending Bearish Expanding Wedge
RSI reversal divergence (daily) and…
Divergence is taking place inside the grey box on the weekly!!! Huge alarm
YouTube is full of optimism
Shooting star weekly candle
Volume decreasing
Possible for a top of 73 before the big pullback. Also possible is a sudden drop to 50, then another drop to 40. I know, it’s grim.
But the signs have begun, and this whole year has been a shake out. So I’d expect a shake out here as well.
First Buy Zone is 49-53.
Fear and Greed index
Ascending Bearish Expanding Wedge
RSI reversal divergence (daily) and…
Divergence is taking place inside the grey box on the weekly!!! Huge alarm
YouTube is full of optimism
Shooting star weekly candle
Volume decreasing
Possible for a top of 73 before the big pullback. Also possible is a sudden drop to 50, then another drop to 40. I know, it’s grim.
But the signs have begun, and this whole year has been a shake out. So I’d expect a shake out here as well.
First Buy Zone is 49-53.
