The price is charmed to reach down line in any way, if it's going to reach a new highs again or after this partial rise we had. If this going to new a highs then it's going to be a really huge RSI weekly divergence which is going be a short opportunity in my opinion. White arrow shows where it should reach.
We can see similarities. If you take a look of my previous charts you can put all the peaces together. Down leg is coming for equities and NATGAS will not be left behind.
Daily RSI showing bullish divergence. Market a little bit oversold and I expect a relief rally to 13k
Don't get blind sided by this earnings and a few weeks green. I would be more careful at this time and what I can see they gonna take a bigger portion from the market. Don't get sucked in.
Expecting some rejection but first need reversal confirmation.
Potential market reversal. Next week important earnings and plus FOMC. Time and price looks good.
I expect to see some rejection and reversal in this area. Still bearish in the long term.
I don't see anything bullish in the market. Much more to go down for big tech companies.
I will leave this chart to figure it out. Will update it later.
In inverted chart we can see a beautiful divergence and potential coming reversal. At this moment USDJPY monthly RSI near 87 historically the biggest overbought.
RSI in 4hr time frame showing a positive sign. Chart structure looks good for a relief bounce. First target would be 6.7
Trying to make more clearer picture for people to wake up and see the situation from the other side. The psychology of people is the best indicator for markets like crypto. "Culture" of crypto, hype, FOMO for all crypto communities will slowly die because fame doesn't hold long at the top. BTFD worked for some time because every time at some point it will go up,...
If there is more upside then it's not much left. A not likely scenario for moon boys. Luna recently has been a great indicator of what's going to happen to BTC. GOOD LUCK!
To be honest I didn't expected such a move for OIL. Next week I expect to see oil at a new high but probably wouldn't touch the upper line. Weekly divergence and a great opportunity to short.
So far looks like a nice setup. In the comment section, I will leave a log chart. The potential target could be huge.
Weekly RSI shows divergence. Market going to correction seasonality so everything lines up. GOOD LUCK!
Great support, oversold, bearish seasonality is at the end. Longer-term price action. At least a magnificent bounce coming. GOOD LUCK!