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Popped up to .5 to be rejected
.5 fibonacci, again acting as resistance as another descending trendline parallel to the last rejection is hit.
We have bounced off of 10k about 8 times now. I think we could draw a line across it and say it's a neckline of a triangle.
Using these two trendlines we can see another downward triangle, imminent completion.
If this is wrong, we simply create a larger pattern.
Stoch RSI in oversold regions on 4 hr, but no cross yet,
however,
4 hr Rsi hitting 55 a common resistance level.
40 on the RSI daily due to break after many tests.
Still safer to be shorting.
We have bounced off of 10k about 8 times now. I think we could draw a line across it and say it's a neckline of a triangle.
Using these two trendlines we can see another downward triangle, imminent completion.
If this is wrong, we simply create a larger pattern.
Stoch RSI in oversold regions on 4 hr, but no cross yet,
however,
4 hr Rsi hitting 55 a common resistance level.
40 on the RSI daily due to break after many tests.
Still safer to be shorting.
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