2. the rising wedge shows that the buyers are exhausted
3. RSI bearish divergence
4. the previous resistance (621.65 - FTX) seems important now too
5. the Elliott wave counting shows, that the market is in the 4. (minor on my chart) wave; the correction wave 4 builds often a long, delayed correction; it can be a good time to range trading
The 0.618 and 0.5 fibonacci levels are important *LMC= level maker candle *LTC= level tester candle
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.