Broken megaphone

15 Tem 2023

Usually a megaphone formation is a trend continuation formation. This time, however, it appears to have been invalidated by a sharp downward bounce from the upper edge of the trendline while attempting to break through it in the last, fifth swing.

Given the bearish divergence on the daily and weekly RSI, I believe that we are in for another big drop in the coming days or weeks.

This is not financial advice.

17 Tem 2023

Not

The price has touched the lower trend line. Now it will be downhill from there.

17 Tem 2023

Not

We also have a nice Head and Shoulders pattern:

24 Tem 2023

Not

17 Ağu 2023

Not

I hear screams...