An ending diagonal is forming in a 5min time frame. This is a typical sign of exhaustion of an upward thrust. This formation is generally followed by a deep retracement. However, bear in mind that this is based on only a 5-minute chart, thus, randomization might be in place. Time will tell. Trade Safe!
Note
The turnover has been seen. The analysis succeeded. We will observe how long the bottom will last.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.