I often use the RSi2 setting (usually on lower time frames) to try and pick more tops and bottoms if I want to day trade a little and have some fun. I've also outlined the trend line that began at the beginning of February and which so far has been respected despite some testing bearish doji candles. If the last red candle broke straight through the red Doji...
The Ichimoku Cloud shows levels of flat-lining resistance between 18th and 27th October while the Fibonacci retracements from previous highs and lows have done well in 'predicting' the next rallies. Furthermore, if you draw a trend line connecting the tops (or as close as possible), it is all going towards mid-late October. Will we see a bull run then? Perhaps...
I've decided to analyse the weekly chart rather than the daily, primarily to filter out a lot of the hourly or daily 'noise' that can sometimes skew results. The 21 EMA is a very powerful analytical tool and has worked consistently, particularly on the daily AND weekly for me in the part. As the 'bear' market continues, the steeper the rake of the descending 21...