Unlike the last bearish drives, this time we are missing a hidden bear div. Im still thinking we are running into resistance now but am keeping an eye on it as we move into the last Q.
True, but on the 2h chart, if we consider we are in a bull market, I see an ordinary bearish divergence dating since August 28. I guess maybe the market just reversed to bullish but we are going into one more dip?
@filbfilb, I guess we still have time to print daily bearish div if there is significant enough resistance below 8200 and we keep moving up through it without cooling off RSI enough on pullbacks. Be interesting to watch, this has been a highly profitable indicator on both the tops and bottoms of the last few months.
filbfilb
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@Scygon, yes, I think all
It implies is that, although we are at the horizontal resistance again, this time there isn’t a horrible divergence staring at us (yet).