Pattern: 4H Channel Up. Signal: Bullishas the price is near the Higher Low region. Target: 27200 (Lower High of the 1W Triangle) and 27400 in extension (1W Resistance)
Pattern: Descending Head and Shoulders on 1W. Signal: Bullish above the Lower High trend line and within 24700 - 25200. Supporting: thr 0.382 Fibonacci and RSI at 30. Target: 26700 (1W Resistance).
The question on everyone's mind is that: "Are stocks overvalued right now or not?", "Is a major crash coming or we've seen the bottom and we're going for new all time highs?". This is a hard question to ask. I try to approach this matter using the Great Depression as my basis point. Using the Pitchfork tool on the Great Depression, four very distinct ranges are...
Pattern: 4H Channel Down. Signal: Bearish as long as 26000 is intact. Target: 25055 (1D Support).