UnknownUnicorn1009911

UnknownUnicorn1009911

there is a bearish divergence on the top which implies that the bulls lack the power to ignite a bigger trend upwards without a big selloff first. There are still some days (~2-4) before a clear trend will show itself. However the trend slightly hints that a bearish force is growing. This means we're most likely heading to a correction, possibly bigger than the...

UnknownUnicorn1009911

The bearish twin peaks on the AO is a bad sign for the trend which seems to be getting weaker for the first time since it started not only is the upwards trend losing power the downwards strend is steady and slightly more dominant since the current cycle

UnknownUnicorn1009911

the awesome oscillator says so

UnknownUnicorn1009911

there is a big dump incoming

UnknownUnicorn1009911

the trends strength on the 4h chart has diminished so it is time for some action

UnknownUnicorn1009911

in the picture the explanation is added

UnknownUnicorn1009911

even in an upward trend it has to return to mean eventually. The weekly chart obviously shows a turning point. I shorted on 8170 back down to 6.6K, after 9K my stop loss resolves to a long position.

UnknownUnicorn1009911

catapult of a two double tops to 5500 the three box PnF chart is the only chart one can use 45 degree trendlines consistently.

UnknownUnicorn1009911

i'm long up to 5500 i know the description isn't great, but there's just so many reasons. But we're still in the bear and will go down again