On the weekly RSI you can see clearly the negative RSI divergence which took place 4 times on the trott. Each time it followed a relativelly controller correction. This IMO has a huge change of occuring again and hence the short position.
I've noted some of the important long term trendlines and resistances which support my case.
I've noted some of the important long term trendlines and resistances which support my case.
Even on the monthly we see a huge negative RSI divergence taking shape.
VERY INTERESTING!