Looking at the chart we can see a breakout of the trendline and a clear 5-count impulse Elliot wave has played out. We now appear to be in the first leg of corrective wave.
RSI divergence
RSI divergence
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.
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.