Bearish Divergence on the monthly time frame indicating a big bearish morvment is about to happen.
RSI also showing market exhaustion where the bears are taking control
Stochastic showing the market is over bought.
and the candles on the chart is showing chop and wick to the top side.. indicating bulls loosing momentum and a reversal is imminent.
RSI also showing market exhaustion where the bears are taking control
Stochastic showing the market is over bought.
and the candles on the chart is showing chop and wick to the top side.. indicating bulls loosing momentum and a reversal is imminent.
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If you're seeing this chart, Don't sleep on shorting
WM
WM
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Still in the over bought area meaning bulls are still in control but not for long. Bears will take price down to $150 then $100 in my humble opinion.
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Still Valid
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No escaping the Bears D (bearish Divergence)