the last month or so has been a chop filled mess. the bulls are saying the bottom is in, the bears keep getting liquidated, while i watch patiently from a distance.
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take note of this daily rsi:
once the daily rsi surpasses the level of which it was at back in march, we will confirm a significant hidden bearish divergence. if you don't know what a hidden bearish divergence is, let me tell you. h.d is a bearish continuation pattern - which means the lows will get taken out.
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the move up has been extremely suspect to me, and i've entertained it from a hundred different angles, but nothing comes close to feeling more right than this current projection right here.