Long red spinning top at this moment.
The probable last leg of the W went just past the 1.113 fib level.
There is an evening Star candle pattern at the top which is often ominous and can indicate a top has been made.
The Evening Star pattern is viewed as a bearish reversal pattern in technical analysis. It usually occurs at the top of an uptrend.
The Evening Star pattern consists of three candlesticks: Large bullish candle (Day 1) a red or green Spinning top or Doji on day 2 and a red candle on day 3.
The day 2 spinning top is left stranded above the red and green candles from day 1 and day 3.
Divergence occurs when price makes a new high or low but the RSI does not make a corresponding new high or low value.
No recommendation.
“The bad news is nothing lasts forever,
The good news is nothing lasts forever.”
— J. Cole
The probable last leg of the W went just past the 1.113 fib level.
There is an evening Star candle pattern at the top which is often ominous and can indicate a top has been made.
The Evening Star pattern is viewed as a bearish reversal pattern in technical analysis. It usually occurs at the top of an uptrend.
The Evening Star pattern consists of three candlesticks: Large bullish candle (Day 1) a red or green Spinning top or Doji on day 2 and a red candle on day 3.
The day 2 spinning top is left stranded above the red and green candles from day 1 and day 3.
Divergence occurs when price makes a new high or low but the RSI does not make a corresponding new high or low value.
No recommendation.
“The bad news is nothing lasts forever,
The good news is nothing lasts forever.”
— J. Cole