Those looking only at bar or candle charts probably won't notice this pattern. This looks like a symmetrical consolidation pattern, and time will tell if this scenario continues to play out, as I suspect it may. I noticed a similar pattern back in early Feb (linked below).
I continue to think there are too many bears out there, and the risk charts I've been posting still aren't convincing me that investors are rotating to safety.
I continue to think there are too many bears out there, and the risk charts I've been posting still aren't convincing me that investors are rotating to safety.
