What are we in for?
Could this be the top of the market right now?
End of a market Cycle?
Maybe, seeing as the early warning signs are here. With similar structure to the previous cycle, at the top of a rising wedge/channel and the sell volume increasing... The signs do not look promising for continuation for sustained uptrend. The Market is always right, breaking the high and using as support on the weekly/monthly will prove this wrong no doubt.
Could this be the top of the market right now?
End of a market Cycle?
Maybe, seeing as the early warning signs are here. With similar structure to the previous cycle, at the top of a rising wedge/channel and the sell volume increasing... The signs do not look promising for continuation for sustained uptrend. The Market is always right, breaking the high and using as support on the weekly/monthly will prove this wrong no doubt.
Comment:
Never closed above the top trend line of the rising wedge and got slapped down. People say trading is hard, Just follow the lines =P