You'll see this a lot today.. you can find this indicator on TradingView called "Hash Ribbons" use the Daily TF.
This implies we have put in a Macro bottom. Does NOT mean prices rises today or this week. But, overall it's time for a bull market.
In 2018, Hash Ribbons flashed red and we saw a 50% drop followed by macro bottom. Once it said Buy, it took 28 days of slow grind lower until we saw the beginning of the Bull rally.
2019 we got the drop, do we get the rally?
This implies we have put in a Macro bottom. Does NOT mean prices rises today or this week. But, overall it's time for a bull market.
In 2018, Hash Ribbons flashed red and we saw a 50% drop followed by macro bottom. Once it said Buy, it took 28 days of slow grind lower until we saw the beginning of the Bull rally.
2019 we got the drop, do we get the rally?