We lost the 50 week exponential moving average. And even worse, we retested the neckline and then did a bearish retest of the 50 week exponential moving average!!!
WHAT THE FUCK! How is this so obvious?
The chance of this scenario NOT happening is only 20% right now, in my opinion.
I'm looking to enter shorts on the next bounce...
Is it time for "Sell in May and go away" again?
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Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
Please consider leaving a comment, like or rehive, if this post entertained you or helped you see things differently...
Have a nice day :-)
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