The last two trading sessions form a Bearish Engulfing pattern and the last three trading sessions are another bearish pattern called Stick Sandwich, see the last three candlesticks in above chart.
The Triple MACD negative divergences [TM] is triggered on Friday because the daily default MACD crossed on downside. Daily Slow Stochastic already crossed down one week ago.
05/17/2024 Market Outlook (Up 4 Weeks)
20 hours ago
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