Nearing the apex of the descending triangle encompassing the whole Nov 2013 bubble up to now. Another touch of the 400 zone has been almost too obvious, thus instead of the momentary wick touch of previous crashes, gravity is at work and we're sliding less dramatically to the floor. RSI upper trendline has been consistent for an entire month, and seems to be capping this current rally as well.
Comments
xhin
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i've got a buy order set at 100 just in case... ;)
sn0wcrash
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I suppose it goes without saying but if / when we break 400 downward, it could get pretty ugly. What do you see as support below there? My longer term charts indicate that 1xx isn't out of the realm of possibility.
oldenburg69
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But we have a big duble resist on 410 from Fibunacci and Bottom Trendline. MACD say strong buy. tradingview.com/v/yUhWcLgh/
xhin
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I like your analysis. Cheers.
ronfkingswanson
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big picture
grahvity
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It's spelled 'grahvity'.
ronfkingswanson
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ahh... your work I see ;-)
grahvity
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yep. XD
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