17.4-17.8 zone should hold during this sp fakeout
Keep an eye on a 3.3 break for a bear confirmation
Two possible retracement zones Before continued downtrend I don’t see a 4200 breach with 80% certainty
4.63 .618 of recent rise furthest we drop..if we rise back above 4.74 or the .382 level by early morning we may gap up big tomorrow
Possible. But this would be a move on high volatility
update to my bullish divergence analysis with Ichimoku Clouds... You can see our bullish divergence is close to crossing the signal line, with moving averages crossing, we are seeing a lot of bullish divergence across multiple timeframes. Once we break through the intraday cloud resistance, we should be popping fast!
MACD on this ratio has never been too 20, it was around 5 to 10 even up to and during/after the 2008 meltdown....and we are at key resistance, markets are topped almost guaranteed. This is not investment advise, but educational only, do your own due diligence, don't be lazy :)
will 1.618 hold as support to propel towards 4200
one of two important trendlines being tested, a break of our current line could lead to 13-14, but 16-17 zone is holding nice for the past week, we have bullish divergence only nanometers away from the signal line. Thus, the market awaits a catalyst, it could be something small that shakes things up, like: more inflation talk, more variant outbreaks, or a full...
Everything comes in 3s it seems, don't buy into a fakeout! Choose the path you want, but don't fall pray to taking the fourth option ...buying!