FINANCE: Possible End of Cycle

From 2003 to 2018, each cycle from peak to peak for FINANCE index lasts between 36-46 months. Recent high in early May 2022 is equivalent to 49 months.

Other indicators:
- Negative divergence on monthly chart (CCI)
- Similar negative divergence also appear on the monthly chart for big caps like PBBANK, MAYBANK, HLBANK, CIMB.

İşlem aktif:

Broke neckline of H&S

Yorum:

Bear flag forming. Gap down from bear flag but push back up. 4pm selldown? Watch out for gloves going the opposite direction to banks.