On my chart, I depicted a pennant that signals a downward movement. I am convinced that in past times we have not gone down enough, so it seems to me that now we will fall somewhere lower. In addition, I have attached indicators that support my idea.
It seems to me that within 4 weeks we will move at current levels. Afret successfuly closing these 4 weeks, according to the NYA Sequential indicator (based on the Sequential Thomas DeMark indicator), we will receive a setting and start moving down, which will be a correction.
It seems to me that within 4 weeks we will move at current levels. Afret successfuly closing these 4 weeks, according to the NYA Sequential indicator (based on the Sequential Thomas DeMark indicator), we will receive a setting and start moving down, which will be a correction.
The Chaikin Money Flow indicator has formed a divergence on the chart, which means the downward movement. Let me remind you that the "divergence" is one of the strongest signals.