Chris,
Note how price reached the same point but MACD and RSI formed a significantly lower high. This is called a bearish divergence.
The chart actually looks like a Double Top - a bearish topping pattern. We could see this "fill the gap" at that arrow.
Note how price reached the same point but MACD and RSI formed a significantly lower high. This is called a bearish divergence.
The chart actually looks like a Double Top - a bearish topping pattern. We could see this "fill the gap" at that arrow.