The Quantifinder yesterday showed a study that has been shared a few times in the subscriber letter. It looks at intermediate-term highs being acheived on declining volume in a long-term downtrend.
The 90% consistency rate for some type of pullback is high and implications certainly seem to favor the bearish case.
The 90% consistency rate for some type of pullback is high and implications certainly seem to favor the bearish case.
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