RSI is showing bullish divergences on both time frames. Per the fractal overlay on the 1D (adjusted from last idea) shows we could be double bottoming here. Followed by a weekend pump then a long squeeze to a new lower low - followed by a the final and biggest short squeeze to kick off Sept suckers rally. This will then likely be followed by a sharp correction that will flood ALTs with liquidity - late Sept near or on the date of the Fed meeting.
In short; expect a fake out pump after this long squeeze that will make the bears double down. Then a rug pull on the bears for a sustained rally in September.
In short; expect a fake out pump after this long squeeze that will make the bears double down. Then a rug pull on the bears for a sustained rally in September.
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