Just some out of the box thinking. May of may not be the reality.
The ATH looks like an overshoot looking at the trend in RSI and Stochs. The candles is in the progress of a downward triangle.
Assumption: the main trend in RSI and Stochs will continue (lower trend line - black).
Assumption: Third test of the support (14.246 ish). Failure due to CB buying. Tops lower due to lacl of confidence from the market. Then break out trough the triangle to the previouse support. Keeping in mind the 'go away in May' scenario.
Makes sense or bullock?
The ATH looks like an overshoot looking at the trend in RSI and Stochs. The candles is in the progress of a downward triangle.
Assumption: the main trend in RSI and Stochs will continue (lower trend line - black).
Assumption: Third test of the support (14.246 ish). Failure due to CB buying. Tops lower due to lacl of confidence from the market. Then break out trough the triangle to the previouse support. Keeping in mind the 'go away in May' scenario.
Makes sense or bullock?