I'm still very bearish with this model.
I can't take any bull case seriously until I see Price close above the 5Y Peak Trend Channel (dark blue).
This channel has rejected Price a total of 5x of 5Y with the last ones being 1W, 2M and 9M ago.
This is the ultimate market inflection point, if we break through, who the fck knows what's gonna happen, will probably be very volatile and unsustainable for long periods but if we get rejected a 6th time, we're heading back down to 3k most likely.
I can't take any bull case seriously until I see Price close above the 5Y Peak Trend Channel (dark blue).
This channel has rejected Price a total of 5x of 5Y with the last ones being 1W, 2M and 9M ago.
This is the ultimate market inflection point, if we break through, who the fck knows what's gonna happen, will probably be very volatile and unsustainable for long periods but if we get rejected a 6th time, we're heading back down to 3k most likely.
Nota
We got a gapup breakout from the last rising wedge, now we have a fatter, more sideways RW taking shape...
Data analyst with a passion for best fit lines B)
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Data analyst with a passion for best fit lines B)
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.