Market made a double Top. Now it is time to pick up the new downtrend, but first I am expecting the market to make a short rally into the 61.8% Fib ratio of the previous down move.
For further confirmation wait till either RSI or Stochastics left the oversold zone!
For further confirmation wait till either RSI or Stochastics left the oversold zone!
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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.