From Elliott wave analysis, I guess {C}-(2)-B is ongoing right now.
Slow Stochastic oscillator at overbought level suggest good opportunity to short.
What I'm expecting is massive upmove by wave C after secondary test to 110 level.
Longer term outlook:
Slow Stochastic oscillator at overbought level suggest good opportunity to short.
What I'm expecting is massive upmove by wave C after secondary test to 110 level.
Longer term outlook:
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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.