- EMA21 being tested as support with three RATH volume bars - EMA50 85% above price - EWO fainting bull, SqzMom fainting bear - RSI zero-line acting as resistance and squeezing - MACZ continuing year long uptrend to 1
Weekly TF
- EMA21 cross with SMA50, both testing as relative support - SMA100 35% below price - SMA200 85% above price - RSI at zero-line (Squeezing) - Relative volume steady increase
Daily TF - EMA21 has crossed both SMA100 & SMA200 - SMA50 15% below price - MACZ 3 point Bearish divergence - MACZ & SQZMOM 2 point hidden bullish divergence - RSI 2 point Bearish divergence - 15% drop occurred after final bear div. candle. Second hid bull div candle is ahead. Does this mean the dropped happened and now the hidden bull will take play? - 9 days of squeeze
Yellow Theory - Historical repeat of the 2016 reverse wedge breakout but on a longer scale