Two CHARTnote worthy tech finds here, one year daily...
Whenever ultimate oscillator goes overbought ( rare) , then goes back out over the past year, it does not go back in without a drop first. When comparing oct 2014 to now, we see very similar candle patterns and fast stochs. I picked up those Candle patterns last week. If you look at today's candle and scroll all the way to the left ( October 2014) , you will see Thursday - Monday's candles very similar , but today we see the inverse of the exact same candle in 2014. Then it was a hammer, today it's an inverted hammer. So, if there is any credence to the one year HS spotted, this may be the inflection point to now continue down the RS , as we've already seen the right neck line in the drop late August, the RS peak has formed back up thereafter, now we may be going into the RS slump.