I’ve been interested in this idea for the past few days now and I am honestly starting to entertain it more. I can see a few things that are making me interested in this chart.
1- Slowing down of the macro down trend. (Higher lows so far in a large consolidation phase that could potentially play out as an accumulation zone)
2- RSI flipping positive. (The down trend of the RSI is changing its character. HHS and HLS)
3- Macro pitchfork & weekly 50 ema (could act as a potential trigger point for bigger impulsive moves in the future)
1- Slowing down of the macro down trend. (Higher lows so far in a large consolidation phase that could potentially play out as an accumulation zone)
2- RSI flipping positive. (The down trend of the RSI is changing its character. HHS and HLS)
3- Macro pitchfork & weekly 50 ema (could act as a potential trigger point for bigger impulsive moves in the future)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.