The very oversold February 2 low (circled in orange) is bothersome to me - this low is super OS across the board and I don't believe price could / should go up without clearing this low with an RSI divergence.
To add to this, the bounce since that Feb 2 low is forming an ABCDE triangle, which is a continuation pattern - this case would be to the downside.
On a one degree large scale, the chart is in a WXY expanding flat.
All this points towards a low 80k lower low (bottom?).
To add to this, the bounce since that Feb 2 low is forming an ABCDE triangle, which is a continuation pattern - this case would be to the downside.
On a one degree large scale, the chart is in a WXY expanding flat.
All this points towards a low 80k lower low (bottom?).
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