Can anyone point out clear bearish signals on this chart? Because I honestly don’t see them. 🫣
✅ The uptrend is still intact: market structure hasn’t broken, with Higher Highs and Higher Lows. ✅ The 0.382 Fibonacci level continues to hold every pullback after a new high. ✅ RSI has formed another Bullish Divergence at the end of the recent decline, coming from deeply oversold levels - similar setups have led to upside before. ✅ MACD is close to a Bullish Crossover, which often signals a return of momentum. ✅ Fear levels are extreme, and historically this tends to align with local bottoms, not the start of major sell-offs.
🎅 The only thing that concerns me is seasonality - Christmas periods are usually low-volatility. That said, based on the chart alone, it looks like a breakout could happen at any time. 🔥
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Can anyone point out clear bearish signals on this chart? Because I honestly don’t see them. 🫣
✅ The uptrend is still intact: market structure hasn’t broken, with Higher Highs and Higher Lows.
✅ The 0.382 Fibonacci level continues to hold every pullback after a new high.
✅ RSI has formed another Bullish Divergence at the end of the recent decline, coming from deeply oversold levels - similar setups have led to upside before.
✅ MACD is close to a Bullish Crossover, which often signals a return of momentum.
✅ Fear levels are extreme, and historically this tends to align with local bottoms, not the start of major sell-offs.
🎅 The only thing that concerns me is seasonality - Christmas periods are usually low-volatility. That said, based on the chart alone, it looks like a breakout could happen at any time. 🔥
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