(a) is the 50MA, it can be seen to be curling upwards
and the comparison point (a) shows this ends in a bearish outcome
(b) is a similar points on TSI where I expect a reoccurrence of the pattern in oval to occur, likely acting bearishly.
As i have said before, assess the situation based on impact
2008 banking crisis the market collapsed
2020 COVID? Upward movement seems unjustified.
Here is a chart that further explains that philosophy.
I know the charts are kinda similar but I wanted to restate this for those unaware..
and the comparison point (a) shows this ends in a bearish outcome
(b) is a similar points on TSI where I expect a reoccurrence of the pattern in oval to occur, likely acting bearishly.
As i have said before, assess the situation based on impact
2008 banking crisis the market collapsed
2020 COVID? Upward movement seems unjustified.
Here is a chart that further explains that philosophy.
I know the charts are kinda similar but I wanted to restate this for those unaware..
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