Are we entering a consolidation phase?
Based on the stochastic RSI indicator in monthly chart, it has reach the usual 792 days rising period. After the rising period, it enters the consolidation phase as shown in history.
In history, first monthly candle close of entering consolidation phase is always around 50%-60% pullback.
If history repeat itself, we may be entering a consolidation phase soon.
In history, first monthly candle close of entering consolidation phase is always around 50%-60% pullback.
If history repeat itself, we may be entering a consolidation phase soon.
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