I count an impulse wave up since Christmas, with an ending diagonal wave 5. It makes sense that would get some sort of retrace soon, since we have been going straight up for the past two months.
Other bearish indicators are resistance here around 2800, and high RSI into overbought territory.
Targets are fib retraces: ~2700, and ~2630
Other bearish indicators are resistance here around 2800, and high RSI into overbought territory.
Targets are fib retraces: ~2700, and ~2630
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.
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.