3 time frames we are seeing a pretty strong pattern of bearish divergence.
the bold line is stuff thats already happened.
the thin line is measuring this last spike up which may or may not be over with yet.
if RSI breaks thru both lines and price makes higher highs, that would be scary. however i dont really see that happening.
the last chart (bottom right) is suggests we break that 700-680 support in a couple days.
the bold line is stuff thats already happened.
the thin line is measuring this last spike up which may or may not be over with yet.
if RSI breaks thru both lines and price makes higher highs, that would be scary. however i dont really see that happening.
the last chart (bottom right) is suggests we break that 700-680 support in a couple days.