HAS THE MOMENT OF TRUTH ARRIVED FOR THE BULLS ?

22 Apr 2018

Dear Reader,

I do not have a crystal ball and cannot predict the future with any certainty. However, I would like to present a possible outcome for your consideration!

The chart shows that:

1. We appear to have a squeeze at the top of a rising wedge, from where the price will break downwards relatively soon.
2. Divergence is present on the MACD & RSI indicators, which are powerful precursors for directional change.
3. The "Silly Willy" indicator shows ready for a sharp price decline.

Let's see how it plays out ... Happy trading !

22 Apr 2018

Catatan

New evidence found. Will keep posting as more turns up.

22 Apr 2018

Catatan

22 Apr 2018

Catatan

Please see my longer term idea:

23 Apr 2018

Catatan

Please see this idea to track short and long positions, which signals trend direction:

23 Apr 2018

Catatan

Support for my suggestion that we might be starting a descending wave:

23 Apr 2018

Catatan

I've dug a bit deeper, trying to identify price targets for the move downwards. We could see a possible head and shoulders scenario playing out.