I’ve been interested in this idea for the past few days now and I am honestly starting to entertain it more. I can see a few things that are making me interested in this chart.
1- Slowing down of the macro down trend. (Higher lows so far in a large consolidation phase that could potentially play out as an accumulation zone)
2- RSI flipping positive. (The down trend of the RSI is changing its character. HHS and HLS)
3- Macro pitchfork & weekly 50 ema (could act as a potential trigger point for bigger impulsive moves in the future)
1- Slowing down of the macro down trend. (Higher lows so far in a large consolidation phase that could potentially play out as an accumulation zone)
2- RSI flipping positive. (The down trend of the RSI is changing its character. HHS and HLS)
3- Macro pitchfork & weekly 50 ema (could act as a potential trigger point for bigger impulsive moves in the future)
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