.5 fibonacci, again acting as resistance as another descending trendline parallel to the last rejection is hit.
We have bounced off of 10k about 8 times now. I think we could draw a line across it and say it's a neckline of a triangle.
Using these two trendlines we can see another downward triangle, imminent completion.
If this is wrong, we simply create a larger pattern.
Stoch RSI in oversold regions on 4 hr, but no cross yet,
however,
4 hr Rsi hitting 55 a common resistance level.
40 on the RSI daily due to break after many tests.
Still safer to be shorting.
We have bounced off of 10k about 8 times now. I think we could draw a line across it and say it's a neckline of a triangle.
Using these two trendlines we can see another downward triangle, imminent completion.
If this is wrong, we simply create a larger pattern.
Stoch RSI in oversold regions on 4 hr, but no cross yet,
however,
4 hr Rsi hitting 55 a common resistance level.
40 on the RSI daily due to break after many tests.
Still safer to be shorting.
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