You can see how the green line is resistance. Also just overhead are the Kijun and 20sma (on 30m chart). There are lower highs and lower lows on the chart as well, and the 20sma is below the cloud and clearly downtrending.
RSI on weekly showed bearish divergence and may be coming down from overbought levels. Stochastic is rounding down on the daily.
Look closely at the daily candles over the past week and compare them to the candles before the March 2020 plunge. There is a striking similarity; but alas, we must remember to trade what we see and not expect a repeat.
RSI on weekly showed bearish divergence and may be coming down from overbought levels. Stochastic is rounding down on the daily.
Look closely at the daily candles over the past week and compare them to the candles before the March 2020 plunge. There is a striking similarity; but alas, we must remember to trade what we see and not expect a repeat.