The pattern we see developing on the aroon is similar to ones weve seen in the past as most recent as the 500 million buy that created the extreme green candle shown. This was no mistake then and was an attempt at placing a large buy right before a jump. If you take back the height of the aroon low to the height of that very simililar pattern it was between 1-2 days before an aroon bullish cross.
In addition RSI may be bottomed out now just like it was before and started to show bullish divergance leading up to this cross.
So once we have an aroon and tk cross I expect a kumo break out.
This means for those less adept the blue and orange lines trending down to below 50 on the middle (Aroon) and the orange line which indicates local highs making a cross.
A tk cross is when the blue conversion crosses the red base line on the main chart.
RSI is the oscillator on the bottom and bullish divergence can be seen when it is increasing but price is not.
In addition RSI may be bottomed out now just like it was before and started to show bullish divergance leading up to this cross.
So once we have an aroon and tk cross I expect a kumo break out.
This means for those less adept the blue and orange lines trending down to below 50 on the middle (Aroon) and the orange line which indicates local highs making a cross.
A tk cross is when the blue conversion crosses the red base line on the main chart.
RSI is the oscillator on the bottom and bullish divergence can be seen when it is increasing but price is not.