Short

Possible peak level reached before necessity of correction

According to this model, peak levels have been reached for this wave and price will descend to a level around 5219 rather then that noted on the chart's callout. The price may continue to rise due to FOMO or any number of other effects, but the model does not extend for those contingencies, in spite of the fact that RSI is down around the 20s and Aroon indicates an approaching entry point. In my opinion, going further long is effectively gambling -- have fun! The lower support just over 4400 stands.

tchat

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