waiting for waves 3 to project other prices, but this is what I currently think
based on the pattern of the previous years , this is what i noticed :)
correction between purple/red line , green box should have been bigger :(
log chart, also just tested during this crash
based on 1 year movement.
H&S pattern right , depending on the right shoulder... if it breaks down expect a bull flag like above
in case break down , buy at 0.5 (red) fib // $1.3-1.2.
bearish signs: Doji candle on the daily chart, decreasing volume + increasing price (daily) , overbought daily RSI, MACD about to flip
Rsi. higher lows , 1D Macd about to cross in a few days, Increasing volume with increasing price, decreasing volume with decreasing price. First target is to break the handle (light blue line) , then cup neckline.
symmetrical triangle, perfect bounce off.
Tl;dr expecting pullback. 1st target 1115 2nd target 850 Every bull run had a 50% retracement and a bounce on previous highs (yellow circles). RSI overbought. Daily Doji candle, market is exhausted!
Bearish signs: Tk.cross downwards, TD sequential on a 4h- #5 , daily on a #2, H&S, Dark blue line represents daily T.K support which is also the where the previous sells offs bounced off. Bullish: Weekly TD sequential on a #5 Would re-enter at 1200 which is fib support/t.k support (red line on daily)
Short term MACD about to cross, bull flag. Move up coming
- StochRSI oversold - 50/100 MA crossover , last time this happened was before the previous bull run - 200MA possible support - RSI making higher lows
StochRSI overbought, daily RSI overbought, MACD about to cross downwards, double top Re-buy at 0.5-.618 fib
StochRSI , RSI both overbought and T.D Sequential signaling to sell. Take profits and leave, re-enter once corrected around .618 fib