the last time we re-entered the overbought (red) after crossing the centerline but not reaching blue, there was a significant correction.
this oscillator indicates the same thing as the OP, but could also mean either a bubble or a bulltrap.
Topic: bubble or bulltrap? - page 4. (Read 7306 times)
the last time we re-entered the overbought (red) after crossing the centerline but not reaching blue, there was a significant correction.
this oscillator indicates the same thing as the OP, but could also mean either a bubble or a bulltrap.
The weekend dip was the worst ever - someone tried hard to start it but failed. This means two things first is that person will be buying, second people are again conditioned not to sell. The first might result in a bull trap - the second is longer term.
the Detrended Price Oscillator suggests that this move up is an important breakout. bubble or bulltrap?
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