M1 : Ongoing uptrend channel .. but already below the middle level of the channel ! W1 : Under the influence of a major double top in progress D1 : Full Fibonacci retracements, including the 78.6 % (13'816) have been filled with a high so far @ 13'865. Therefore, something is cooking and a trend reversal is in progress H4 : RSI Bearish divergence triggered a first downside move; watch TS as the first support. A failure to hold above 13'780 would be the first warning signal, calling for further downside towards the clouds support area (13'650-13'500) 13'502 being the 38.2 % Fibonacci retracement of the last 12'915-13'865 rally
H1 : Bearish divergence confirmed by a bearish engulfing pattern at the top M30 : Already below TS and MBB M15 : Below the cluster of KS, MBB and TS M5 : Below the clouds and the cluster CONCLUSION : SOMETHING IS COOKING !!! WATCH CAREFULLY PRICE ACTION ON INTRADAY BASIS IN SHORT TERM TIME FRAMES AND ALSO TODAY'S CLOSING LEVEL ON D1 BASIS. A TOP IN PLACE WOULD BE CONFIRM BY A FAILURE TO HOLD ABOVE MBB CURRENTLY @ 13'500 AND KS @ 13'431 Have a nice day and have fun Take care Ironman8848
@Duddle_In_a_Puck, now it might get scary during lunch hours and gamestop and the like may look like they are going to break out, but odds are that they get rejected for a third time and we fly down.
If all indices trade .10 (ETF terms) above their daily high at the same time, then it will be a tough decision. If its only one or two, nothin doing and id hold the door.
Nearly there, just needs to do the double pump-fake like BTC did on the initial big drop.
Duddle_In_a_Puck
⋅
@Perma_Pig, feel that 100% - legit could not understand how the market can move higher smh