If RALPH LAUREN CORPORATION (RL) closes the month below 123.81, we will likely see a 30% drop. The probabilities of this happening are very high since bearish divergence is already showing up on the RSI (magenta line).
Expect RALPH LAUREN CORPORATION to crash hard in the coming months.
Other signals in shorter time frames validate the incoming crash. Time to...
higher time frame shows defined downtrend pulling back after strong impulse move
mid time frame shows uptrend weakening and mature looking for a breakdown with negative momentum and negative volume pressure
lower time frame is working bottom of base- worth monitoring for possible false breakdown and continuing consolidation
breakdown of support level of 71.3x...