Looking at the Nasdaq, it would be wild to see this happen, but we may see more of a bearish continuation in the exact same way we saw it last time. First we have a fakeout RSI bullish divergence, then we break to new lows. Failing around 55 on the RSI for the fakeout.
It would be wild to see the exact same thing play out again. We already have the bullish divergence fakeout and the RSI failre at 55. What we would need to see for exact fractal would be another bullish divergence where we ride that buy right into RSI of 70.
It would be wild to see the exact same thing play out again. We already have the bullish divergence fakeout and the RSI failre at 55. What we would need to see for exact fractal would be another bullish divergence where we ride that buy right into RSI of 70.