20 mins left to daily close...
Currently bullish spinning top, but can easily turn into a bearish spinning top which would form into an evening star reversal
Again,
It is too early to tell, but...
We are already overextended, have been "bullish" for several months now
Yes maybe this is a bump and run bottom, but...
MACD just crossed bearish
300/400 death cross looming overhead
OBV can easily turn down from here and fall back under the horizontal
And no I don't believe in hyperwave BS
I think 4.7 /4.4 would be next retest areas
IF those fail, we will test previous bottom again
IF that fails, 1.8k-2.4k capitulation ahead and a few more months of bear market (if we haven't already capitulated)
Currently bullish spinning top, but can easily turn into a bearish spinning top which would form into an evening star reversal
Again,
It is too early to tell, but...
We are already overextended, have been "bullish" for several months now
Yes maybe this is a bump and run bottom, but...
MACD just crossed bearish
300/400 death cross looming overhead
OBV can easily turn down from here and fall back under the horizontal
And no I don't believe in hyperwave BS
I think 4.7 /4.4 would be next retest areas
IF those fail, we will test previous bottom again
IF that fails, 1.8k-2.4k capitulation ahead and a few more months of bear market (if we haven't already capitulated)