Bearish short term:
-Break out of triangle pattern with no retest of support (yet)
-Massive wick = massive sell pressure
-Buy levels $1800-1850
-Bearish stoch RSI cross
-Bearish green/white histogram on MACD
Long term:
-Elliott wave 5 not completed, targets $2315 (1.618) and $2575 (2.272)
-Break out of bullish pattern without creating a new high (yet)
-Wave 3 went to the 3.272 fib level
-Break out of triangle pattern with no retest of support (yet)
-Massive wick = massive sell pressure
-Buy levels $1800-1850
-Bearish stoch RSI cross
-Bearish green/white histogram on MACD
Long term:
-Elliott wave 5 not completed, targets $2315 (1.618) and $2575 (2.272)
-Break out of bullish pattern without creating a new high (yet)
-Wave 3 went to the 3.272 fib level
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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.
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.