This post is in reference to my last one.
In this chart, we can clearly see bearish divergence on the MFI which signals to me a correction to the rally we’ve been experiencing these last couple months. We can already see this small rally fizzling out after the second wave in the channel pictured above.
In this chart, we can clearly see bearish divergence on the MFI which signals to me a correction to the rally we’ve been experiencing these last couple months. We can already see this small rally fizzling out after the second wave in the channel pictured above.