I was updating my charts and had a feeling of "Déjà vu"... then took a screenshot and well i'll let you deside if its similar or not. As they as say history doesn't repeat itself but it rhymes ?
Comment:
3 bullish divs into my buy zone 2 + 200 ma with Price action printing a bear trap at support before a 7% move into res trendline
-Bullish divergence has played out and stoch in getting up to sold bought
-Price action is fairly similar to April top, noted not coming after a 3x of ath, but even holding the 200 ma with a bear trap before the lower high between .618-.786 fib nodes
-We're currently still in a downtrend, so a higher high is needed to negate further down side
-We have to wait and see what price does around those levels to know whether its is the start of the 3rd and last leg or this was the distribution and the end of the trend.
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-Bullish divergence has played out and stoch in getting up to sold bought
-Price action is fairly similar to April top, noted not coming after a 3x of ath, but even holding the 200 ma with a bear trap before the lower high between .618-.786 fib nodes
-We're currently still in a downtrend, so a higher high is needed to negate further down side
-We have to wait and see what price does around those levels to know whether its is the start of the 3rd and last leg or this was the distribution and the end of the trend.