This is a thought experiment using my interpretation of Michael Oliver's momentum structural analysis (MSA). The 9 month (3/4 year) moving average/ 3 month momentum MSA went bearish in March. In contrast, the 36 month ma / 12 month momentum MSA has not yet triggered bearish.
The March bear candle, which broke below the bearish February outside candle, touched the rising 20 volume weighted exponential moving average (among other things) and formed a small lower tail.
The March bear candle, which broke below the bearish February outside candle, touched the rising 20 volume weighted exponential moving average (among other things) and formed a small lower tail.
Jayy