Looking at our trend timeframe we see price respecting our downtrend since forming it’s ATH, stochastic rsi showing momentum shifting in favor of bulls. Last time price was here was back in Dec 2017…. Are we going to see a repeat now that Q4 is on the rise.
Shifting over to our pattern timeframe we see price has broke out of it’s minor downtrend, and is now looking to make another break. Stochastic RSI showing momentum is now shifting in favor of bears and we could see a minor correction. A daily close above 2116230 activates our trade, however if rejected at this level expect our sell off to continue towards 1870000
