monkeytradinggranada

monkeytradinggranada

it appears as if we are in a big bear flag that is ranging between two channels, divided by the red line. If we continue on this trajectory we will meet the original downtrend line that has NOT yet been broken (use log scale)!! Simple strategy, buy at the bottom of the channels with tight sl and sell when we meet the downtrend. Cash will be king if we be break...

monkeytradinggranada

lots of people have been saying for days that we are out of the downtrend - log scale (black line is the downtrend since january which we haven't even touched - furthermore this converges with the peak of our last rise around 11.8) until these two resistances are cleared people should be very cautious. Finally there are huge divergences on multiple timeframes...

monkeytradinggranada

Is anybody else seeing this divergence on the macd and rsi - last time this happened we crashed hard, although not immediately. Is this a pre- cursor to another leg down?

monkeytradinggranada

looks like we are in a rising wedge which is typically bearish, however there is also a bull flag forming within it. To further confuse, the macd and are both showing divergence. conclusion - best to hold off and wait as the sis anybody's guess.