Updated perspective for Mar 3, 2022
The chart is now set up for a possible bottom (I emphasize the word "possible").
The Factor Daily Trend Model turned Neutral on Mar 1 and will turn UP with a wide-bodied advancing candlestick that closes above 46,000.
While it is not the most ideal chart construction, I can argue that a decisive close above 46,000 will completed a double bottom pattern, turning the Factor Daily Chart Model into an UP status.
The Factor Daily Trend Model turned Neutral on Mar 1 and will turn UP with a wide-bodied advancing candlestick that closes above 46,000.
While it is not the most ideal chart construction, I can argue that a decisive close above 46,000 will completed a double bottom pattern, turning the Factor Daily Chart Model into an UP status.
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