what 'chaser carboni' didnt see
there is no precedence for the distance from the 20 mma. the blue bar far right is the distance from the prior extended high (arrow). price has moved beyond that measured move above the 20 mma. simply no precedence for this degree of euphoria in this measure. notice price has created 5 divergent high peaks to rsi. each rsi reading lower than the last, each...
sloppy price always makes it hard to tell which line is valid. i always figure the higher for shorting. lines up with a 618 nicely. hourly could top in this location for a pull back.
price is close to a bottom. rsi and stochastic trying to cross over. double bottom or worst the green line lower. however, i think the trend is set, and price will backtest the break down line. its a question of which it is, but the three upsloping black lines are all backtest lines with resistance of a substantial period of price at 48.
i can make one of these every few days evidently
daily chart has built in divergence now no matter how high it goes. i will short at touches of the daily bollinger band at 2.5 sd