Again...I ask are we too bearish? This market is causing me to change my position...it just seems like more upside is in the cards...could we see a bullish breakout from this ascending right triangle?
IMO we need to break the negative RSI divergences to confirm anything. At this point i'm thinking we hit the top of the channel at around $305 and reverse. If we do pop through on high volume and a break of the RSI divergence i'll be sold.
schabacker_idol
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Not so "contrarian" tbh, I think a lot of analysts are watching this even though too many focus on the fundamental analysis as their only tool. Remember, patterns are always the strongest indicators of the future moves!