Giant bear flag on the 1M chart???

1 сент. 2023 г.

Is there a bear flag on the 1M chart?
The 1 Month StochasticRSI says: yes

worst case scenario in play… maybe?
Is this even realistic?

It would certainly fit into the crazy social and economic times we are in.
What do you guys think?

1 сент. 2023 г.

Заметка

After thought: probably NOT a bear flag, because the pole ended not as low as i did draw it.
So it is more likely just a rising wedge pattern.

The 1M stochRSI is telling there will be no bull market any time soon.
After the bearish cross in Sept 2019 we had 6-8 month of boring sideways action.