Please see chart for similarities in RSI structure and how we dipped right under the point of control before take off. Also see how we rode the 55 ema the entire time. It's beautiful. I believe we will moon today. If we lose 9k I think we may slow bleed until 8.2k and hopefully that holds. If it doesn't I will become a macro bear :(
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We really need to close into the cloud to maintain bullish momentum. We rejected at the daily kumo twist which is usually the place of strongest resistances.
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Not looking good boys. Possibly new lows. Not sure.
I agree with you, losing 9k closing below 200 MA daily would be bearish. Would look like a lower low on the weekly time frame and a continuation to the downside for some time. Bulls better show up here soon if this gonna push over upside.
Blockshame
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well spotted! Did not saw that pattern. Im also Long on that!