I would expect a reversal between Nov 26 and Dec 11 due to a several factors
1. 14 RSI in oversold zone
2. 21 RSI hit a trendline
3. We are approaching Fibonacci time extension next week
4. One year cycle is about to hit December 11, in 2 weeks
5. Current weekly volume is less than during previous major drops - as compared to 5 Feb, 12 Mar and 11 Sep weekly drops and far less that key weekly reversal drop of Dec 18. So this is a minor drop as compared to those (something in the scale of 26.03 weekly candle, EMA retest as then) unsupported by corresponding volume.
6. We hit major trendline support level on weekly
7. Price hit and reacted at 200 EMA
1. 14 RSI in oversold zone
2. 21 RSI hit a trendline
3. We are approaching Fibonacci time extension next week
4. One year cycle is about to hit December 11, in 2 weeks
5. Current weekly volume is less than during previous major drops - as compared to 5 Feb, 12 Mar and 11 Sep weekly drops and far less that key weekly reversal drop of Dec 18. So this is a minor drop as compared to those (something in the scale of 26.03 weekly candle, EMA retest as then) unsupported by corresponding volume.
6. We hit major trendline support level on weekly
7. Price hit and reacted at 200 EMA
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.