You can see that the wave respected the weekly and monthly resistance, which alined with the rsi being in the overbought zone.
see link below!
Also the wave respected the 0.618 level which is a strong level to short.
see link below!
Also the wave respected the 0.618 level which is a strong level to short.
Note
Here is the weekly and monthly trend linesNote
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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.