b0mber7341

b0mber7341 Updated 

Looking at a potential tweezer bottom pattern developing following this dump. RSI is very oversold, and while parabola tends to largely ignore RSI we have yet to see that happen. We will see over the next few hours.

b0mber7341 Updated 

I think that this bear flag on both the 3 day chart and the weekly are at the point where a break could happen anytime. I'm leaning much more towards the downside as we are still in a bear market until proven otherwise and the probability of a descending triangle breaking downwards is much more like than a bullish move upwards. You never know until you get the...

b0mber7341

As someone who is relatively new to charts, this looks like a classic bearish hammer candle. It is feeling more and more like a red Christmas is coming.

b0mber7341

It looks like we will either break out to the upside here or either go back and test the bottom of the triangle again and I just don't see it acting a strong support. Looking for thoughts from others. Happy Holidays!

b0mber7341

Was hoping someone could explain why this is showing up like this?