Here are some characters of a market top, on a monthly chart:
higher high, followed by price falls below 10 month moving average.
MACD downward cross over, diverge from higher high price.
RSI roll over to the down side, cross below 70, diverge from higher high price.
Stoch downward cross below 80, diverge from higher high price.
We will have to keep close eyes on the chart in the coming months, as there is a good chance the current market is topping!
higher high, followed by price falls below 10 month moving average.
MACD downward cross over, diverge from higher high price.
RSI roll over to the down side, cross below 70, diverge from higher high price.
Stoch downward cross below 80, diverge from higher high price.
We will have to keep close eyes on the chart in the coming months, as there is a good chance the current market is topping!