A trader breaks down a topping formation with 28 weeks of sideways price action. The short-term moving averages have stacked in bearish order, price sits below all of them, and the chart shows a clear series of lower highs and lower lows, marking a complete bearish cycle.
It's such a perfect topping formation. You want to screenshot this chart right here. You want to see the full stage analysis. 28 weeks of just chopping up and down in between the moving averages. You can see the moving averages are completely flattened now. Price is oscillating in between it. See how tight the moving averages get here? And they full start forming that bearish alignment. 10 is now below the 20, is now below the 30, now below the 40. Price is below all the moving averages. And now we're building lower highs, lower lows, lower highs, lower lows. And that is the full cycle right here.
