So a few days ago I’d called this move out and explained why with details as I’d seen the bears take every high the bulls made and with volume divergence. I was able to proceed this sale based off of price movements.. and it’s linked below
so looking at the rsi we can see why the market hit several tops ...
I love the rsi but for some reason I never look at it during trading on during look backs 🤦🏾♂️. It’s really good when known how to use it oh btw it’s in my top 5 indicators. Look for that post
Now what to expect we’ll the market isn’t bearish we’ll need at least another attempt that fail at a high within this failure. But there’s a monthly measure move in store and we ain’t there yet 🤫 But what happen was just an breakout exhaustion. A market second leg faker. When a bo occurs with high volume and mom close to a new high it can exhaust itself this why we had that big candles at the breakout of the range.. so
The market will continue bullish ap but watch the highs as there wasn’t a rejection at the high and we can see here it struggled to break the mvwap
but if you’ll start seeing price trading with a lot of wick and more bear candles then bulls that you need to start to look for a short.
Tip
Bend averages break. If the average don’t spent it’s still supportive even if price breaks it.
so looking at the rsi we can see why the market hit several tops ...
I love the rsi but for some reason I never look at it during trading on during look backs 🤦🏾♂️. It’s really good when known how to use it oh btw it’s in my top 5 indicators. Look for that post
Now what to expect we’ll the market isn’t bearish we’ll need at least another attempt that fail at a high within this failure. But there’s a monthly measure move in store and we ain’t there yet 🤫 But what happen was just an breakout exhaustion. A market second leg faker. When a bo occurs with high volume and mom close to a new high it can exhaust itself this why we had that big candles at the breakout of the range.. so
The market will continue bullish ap but watch the highs as there wasn’t a rejection at the high and we can see here it struggled to break the mvwap
but if you’ll start seeing price trading with a lot of wick and more bear candles then bulls that you need to start to look for a short.
Tip
Bend averages break. If the average don’t spent it’s still supportive even if price breaks it.
