On my ETH daily chart from IB, I see a triple top formed after the big plunge to the low of 2603.
A couple of weekends back I posted that the price action to me indicated that we would go back to that (2603) level. In between the vicious countertrend rallies by the bull manipulators may have seem to put that in doubt.
However, having done charts for so long, I don't think it was in doubt for me. I have found that the reading is correct but delay by manipulations.
Educational only and not trading advice (EO&NTA) Good trading to all
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Today is a rare day (these days) where QQQ is showing RS vs the other major indexes we tend to track on this board. It actually poked into the green for a moment. But all three are still below (severely downslope) 15min 20emas.
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Once again the bottoming seems to line up with the London/Frankfurt close. For what should be an oversold market I am not seeing the rip your face off 50 point moon shots that scared me to death in 2008 2009. I am going to get serious about working out as I don't know if my heart can stand trading those 100 point days.