Price and RSI are heading to a long awaited squeeze. I'm not sure which way it will go, but It looks like it could be major in the next few hours. Any thoughts?
Comment:
Yellow lines indicate bearish divergence. It is barely noticeable on higher time-frames, so I don't know if it carries much weight toward whether it's going up or down when it breaks.
Trade closed: stop reached:
It looks like the heavy move happened. I had a stop just under 9850 that was hit for a small gain from 9470. I was hoping for a break up but I honestly had no real prediction besides the bearish divergence from two weeks ago. Perhaps I should have given it more weight.