Wednesday, August 16, 2017 9:47:18 PM
RSI lower-double-bottom turnaround play
(re-post of this colorful chart from ST)
Suggestion is, we are at a similar point as of 3/8,
which produced a lower bottom as of 2/2,
having a higher RSI.
Now on 8/16, we have a lower bottom and slightly higher RSI
compared to 6/21. Period is a bit stretched due to ER.
Also see the Ichimoko cloud removed resistance.
The above may conclude that we are becoming ready to a reversal again soon, if not even tomorrow.
(re-post of this colorful chart from ST)
Suggestion is, we are at a similar point as of 3/8,
which produced a lower bottom as of 2/2,
having a higher RSI.
Now on 8/16, we have a lower bottom and slightly higher RSI
compared to 6/21. Period is a bit stretched due to ER.
Also see the Ichimoko cloud removed resistance.
The above may conclude that we are becoming ready to a reversal again soon, if not even tomorrow.
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