Double top or bullish continuation?
im leaning towards the bearish case because the overall economy except of the us stock market is in a recession already. we have a bearish rsi divergence on the daily like in q1 2020 and a similar setup too (double top, in q1 the div was more significant).
we saw lots of inlaftion with rising markets. if the pendulum changes its direction we could see deflation with decreasing prices imo.
the dollar bled out already and could rally from here which would lead to all sell off in nearly all other markets.
The confirmation level for the bearish case (double top) is a close below the last support at around 3200.
double top educational video: youtube.com/watch?v=DCTQ9eOCGkQ&ab_channel=Trading212
im leaning towards the bearish case because the overall economy except of the us stock market is in a recession already. we have a bearish rsi divergence on the daily like in q1 2020 and a similar setup too (double top, in q1 the div was more significant).
we saw lots of inlaftion with rising markets. if the pendulum changes its direction we could see deflation with decreasing prices imo.
the dollar bled out already and could rally from here which would lead to all sell off in nearly all other markets.
The confirmation level for the bearish case (double top) is a close below the last support at around 3200.
double top educational video: youtube.com/watch?v=DCTQ9eOCGkQ&ab_channel=Trading212
注释
the time frames are to neglect
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这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。