Monthly Candle Close Colours since 2011 UPDATEAs we approach the Christmas Holiday I thought I would just drop this in to read.
The expected GREEN December began but the draw back over the last week or so have now turned the Monthly candle into a RED one.
As it is right now, the Candle is a Mini imverted Hammer.
Shoudl it close like this, there has only been ONE opccasion that December closed like this...
December 2022
And we all know what happened in January 2023 but I think a repeat is unlikely.
I think what we do need to be awatr of, there are not many occasion we had a RED December ofter a number of Green months
In fact December 2013 was the ONLY one and signaled the beginning of a BEAR.
I do not think we are tere right now but things have shifted Quickly this year.
Weekly MACD is Way up high in overbought and this WILL take time to recover once it turns Bearish
For now, we need to pay attention to all possibilities and look forward with open emotions.
We could be anywhere right now in this cycle but I believe we still have a good 2025 to come.
MVRV has not peaked but is at the same level it was on the Nov 2021 ATH
For me, if December this year doe snot recover, we may see Green Jan but that would be unusual
A Spring Rise is more likely
I wish you all Peace and happiness for the Holidays and may your Gods, Godess , Beliefs and philosophies Keep your Socks forever dry