TRCH - This is a test of the 50% Principle - Retracement needed

23. Juni 2021The price action on TRCH was expected. On the weekly chart, it was too disconnected from the HMA and RSI was on a down trend. When price gives you higher highs/lows, and the RSI gives you lower highs/lows, this is your Regular Bearish Divergence. This is purely the technical perspective on the way the chart is playing out.