RSI between 40-50 on all time frames heading further towards oversold
MACD showing signs of a slight short term retrace
Bounced off the 61.8 on the 4HR and the 50 on the Daily
Daily is looking like a cup and handle formation
Elliot waves:
Sub wave currently in wave 4 (4HR)
Major wave, we are in wave 2 (Daily)
Currently at 820 with a long way to reach ATH at 1431
This trade may take 20 days to play out with take profit set at 1600.
MACD showing signs of a slight short term retrace
Bounced off the 61.8 on the 4HR and the 50 on the Daily
Daily is looking like a cup and handle formation
Elliot waves:
Sub wave currently in wave 4 (4HR)
Major wave, we are in wave 2 (Daily)
Currently at 820 with a long way to reach ATH at 1431
This trade may take 20 days to play out with take profit set at 1600.
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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.