I've seen this before, and it looks like a drop.
Look at convergence at RSI, and MACD.
It tried to go up the trending line that comes from long ago... didn't go through it.
It may retry anytime soon, but those indicators on RSI and MACD... Ok, buckle up. It's coming down for more waves now (ABC DONE)
Look at convergence at RSI, and MACD.
It tried to go up the trending line that comes from long ago... didn't go through it.
It may retry anytime soon, but those indicators on RSI and MACD... Ok, buckle up. It's coming down for more waves now (ABC DONE)
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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.