Thinking this is a great overbought trade here.
RSI 75 overbought conditions.
Massive gap too be filled around 115
Entered zone of previous sellers(resistance)
ideally for a long position it would fill this gap and then bounce again which coincides with the .38 fib that's present in that zone.
RSI 75 overbought conditions.
Massive gap too be filled around 115
Entered zone of previous sellers(resistance)
ideally for a long position it would fill this gap and then bounce again which coincides with the .38 fib that's present in that 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.