I inverted the charts to see if I see anything different. So far for naught. The wedge from earlier, I extended the trend line that followed in the direction we broke. We'll see if that counts as resistance when we come to it.
What I can tell is that the "peak" certainly looks like what we'd have traditionally at an overbought peak, with the oscillator diverging, and we'll likely drift away from the peak from now.
What I can tell is that the "peak" certainly looks like what we'd have traditionally at an overbought peak, with the oscillator diverging, and we'll likely drift away from the peak from now.
Comment:
meant for the chart to be on 2-hour to better see the oscillator divergence.