This is Adam and Eve in linear. You are blind if you don’t see the descending overhead, and we’re at the right, inverse shoulder of an IH&S, and we have spinning tops. The whole chart history has been bearish, with lower and lower highs. I’m looking for that counter-trend move that prints a fresh higher swing high, which would signal at least an attempt at a new bullish run. Daily candles become bullish after a higher swing high, and then after a higher swing low. If the price begins to revisit the prior neckline after a higher swing low, then it’s assumed at that point bullish.
The overhead resistance is all time overhead resistance in linear. It’s strong overhead, but it’s only theoretical. It means nothing and will be easily overcome with any volume event. Go back to .10us, and bears will start crapping themselves.
The overhead resistance is all time overhead resistance in linear. It’s strong overhead, but it’s only theoretical. It means nothing and will be easily overcome with any volume event. Go back to .10us, and bears will start crapping themselves.
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