Optimism Pessimism hints at an Accumulation Period .
Force - Bullish Divergence with the price action, it can be invalidated at the day close if the price doesn't recover a bit.
Technometer - Bullish Divergence with the price action and going oversold at 40.25 (38 or lower is considered to be clearly oversold).
Momentum - Interest is slowly...
Momentum - it indicates declining interest .
Technometer - it shows a 🐻 Bear signal , and it is heading downward.
Optimism Pessimism - Bearish Divergence with the price action.
Force Index - another Bearish Divergence with the price action.
The overall Sentiment is too bullish , this indicates a drop in the price is near.
The target is around the 8k level.
- FI and MACD both trace higher low even when the price is at lower low.
- RSI traced double bottom and RSI starting to slope up
- MACD histogram in weekly trend has alredy ticked down quite abit (lower potential downside)
- High potential profit if prices break above SMA200. Can realistically expect 4R-5R...
Massive Buy opportunity:
Technometer Oversold and Bullish Divergence
Optimism Pessmism - longer term Bullish divergence
Force - longer term Bullish divergence
It suggests the Manipulators have filled their buy orders, and a move higher is to be expected.
9600 would be a good Take Profit Level.
* 50% for all predicting.
- Daily: Expect to reject at Demand zone. Continuation candle pattern at Daily.
Note: The EMA 13 crossing down EMA200, maybe a big downtrend with MACD-H at Daily.
- H4: Head and Shoulder is supported by FORCE INDEX & RSI for uptrend.
- The Pullback was last week so enough for me to forecast a big drop again with 3 indicators supporting (MACD, RSI, FORCE INDEX).
- The last bottom is first target.
- 3 next targets are calculated by Elliot rule.