As we can see THREE new "lower highs" were made on the RSI at around the 70 level in these past couple weeks - with the actual price continuing to increase and surge upwards. In my opinion, this is a HUGE indicator of a very large drop opening hours on Monday/during this next week. Having 3 M shaped RSI signals above/near 70 with all 3 going to "lower highs" than the previous signals. In my opinion, this is a very predictive measure showing that a drop is imminent. This fed pump will not last forever and the actuality of the situation we are in is bound to catch up with the market sooner, rather than later. RSI went from (highest to lowest - 84.64 to 78.23 and then to 71.48) Have connected these lower highs with the green bar and circled it in yellow.
We can only hope. Questioning if we'll hit that 293 68% retracement number first. Would be a treat to not make it that high.
We saw some serious drops on the way down following big pumps. YUGE drops
options-play
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This is exactly what I see, but today's close is bullish. Might just pullback to test 2850?
AndrewRoupas
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@options-play, That is something I noticed - and I agree with you completely a test could happen at a number around there but then will plummet in my opinion.
We saw some serious drops on the way down following big pumps. YUGE drops