2. The 60min chart shows a 3x bear divergence on price vs rsi (also macd and macd histogram diverg). Three higher prices and 3 lower rsi readings is bearish.
3. Possible 60min bear rising wedge, also poss megaphone,,, I don't think the wedge will increase much if at all due to 3x divergences.
4. the 60min also has possible bearish broadening formation (higher highs and lower lows both) - red line.
Double click chart to see full size.
* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".
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