inverted Cup and Handle
- structure looks real
- messy but descending volume profile
Oscillators
- RSI = 49, plenty of room for down
- MACD = flipping red soon for the first time since Jan
Target = 7.7k - 6.5k
- support at previous local high and local low likely, 8.8k and 7.7k, respectively
- yearly Pivot = 8k
- large support volume node at 6.5k
If real, will likely unfold throughout Q3 and be over by Oct 1st
- structure looks real
- messy but descending volume profile
Oscillators
- RSI = 49, plenty of room for down
- MACD = flipping red soon for the first time since Jan
Target = 7.7k - 6.5k
- support at previous local high and local low likely, 8.8k and 7.7k, respectively
- yearly Pivot = 8k
- large support volume node at 6.5k
If real, will likely unfold throughout Q3 and be over by Oct 1st
Comment:
price below cloud, < 8.8k, would support the bearish moves as well
Comment:
4h 50/200EMAs bear for the first time since Feb
potential falling wedge that can reverse around 8.8
potential falling wedge that can reverse around 8.8
Comment:
Comment:
bearish e2e triggered here as well
TP = 8750
TP = 8750
Comment:
FW w/bullish bias but no volume on breakout thus far
Comment:
Comment:
this is still my overarching viewpoint
waiting on a support break of Cloud + PF ML to seal the deal
waiting on a support break of Cloud + PF ML to seal the deal
Order cancelled:
never fell below cloud on the daily, nor broke horizontal of Cup
instead we get A&E
instead we get A&E