Just playing with an idea but as you can see big things happen in the channel I have made when we approach the bottom big things seem to happen! As you can see there is a wedge that has been forming and we are coming to the apex. The last time we rode along the edge we had that huge 14% spike in 1 hour... will we see something like that again in the coming days?
Comment:
We are getting close to the bottom of that channel and the wedge... Lets see if we get a huge spike in 3 or 4 days....
Comment:
Could be sooner looks like it checked up at the bottom of the channel, but we all know how these low volume weekends go...
Comment:
Can't help but notice the similarities between our current situation and around the first week of April... It just feels like we are gonna see slow sideways action like we did the last time we dipped down (I added squares around the two). I could be total wrong and my mind maybe just grasping for anything at this point ha!
Comment:
I'm thinking this bearish triangle should break down in a few hours at the most... if 78 doesn't hold looks like we are heading towards 71...
Comment:
It’s still hanging around... these low volume manipulation weekends are hell... it’s still looking bearish to me but who knows on weekends like these. I personally seem to always loose the majority of the time on the weekends.
Comment:
Don't think it will be too long now... looks like every time we seem to go above 57 on the 1 hour RSI we get rejected and the start of this big drop was just above this level. I guess the longer we hang here the better, so just in case I put a stop buy in for 8750ish just in case but I'm still not feeling too good about this one. Just looks like a manipulated money grab to me.
Comment:
Taking a look at the daily it looks to be turning up away from the low I was thinking we might see... Still kinda uneasy about things currently but this also gives me hope of a longer term move up...
Comment:
Well now we have a symmetrical triangle forming after the drop last night we should be going down from here...