Currently sitting at .618 fib retrace of prior downward move.
Looks to be an internal wave 2; if this is correct our next downward move should be brutal.
Could move a bit further - Invalidation @ larger degree wave 2 ( ii on chart )
Divs on lower time frames make me think this is beginning to come to an end, but we will see.
*Notes:
- Hidden bear divergence on RSI (lower high price, higher high indicator) => continuation divergence
Looks to be an internal wave 2; if this is correct our next downward move should be brutal.
Could move a bit further - Invalidation @ larger degree wave 2 ( ii on chart )
Divs on lower time frames make me think this is beginning to come to an end, but we will see.
*Notes:
- Hidden bear divergence on RSI (lower high price, higher high indicator) => continuation divergence
Note
Looking for possible .027-.028 areaNote
might be time to head towards 3Note
LEL.
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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.