So yesterday we saw yet another higher red candle 22c red body 8c neck 3c tail with a 2 wave VL daily chart
Closed near daily lows, again.
once again SHORTS making 30c gain & poppy cutting the daily highs
resistance is strong and another lower high lower low pattern forming.
the series of long necks & red bodies show unsupported daily highs
Longs have been right since 2003 here, shorts were right in 2008, 2011, 2015, 2021 2022 for a 6 month period or so.
for now it seems bull season is ending, the selldowns daily are a signal.
22-23 highs was my call, SPOT ON so far
Feb historically shows a lower high then march the crash.
22.95 high of 18 months from 12 jan cant seem to be broken imho
lets see if today is the same, another bearish false start pattern like yesterday with daily highs poppy cut again.
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