Seeing strong resistance as the 50 day moving average approaches the 100 day moving average.
Currently in a sleight elliot wave 2 correction.
Stochastic 'W' over the top indicates oversold.
RSI crossing over indicating it is expensive and has higher buy in risk.
Currently in a sleight elliot wave 2 correction.
Stochastic 'W' over the top indicates oversold.
RSI crossing over indicating it is expensive and has higher buy in risk.
Note
We are extending into the 5th Elliott wave now. While we may extend further on the 5th wave due to a positive look on a China deal if they concede and make any sort of concessions such as buying CAT or BA equipment, this will help bolster an extension. However, expect STRONG RESISTANCE and momentum towards an ABCD correction towards the end of April.
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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.