According to the chart , I think the trend is downward for this reasons :
1- Overlap of two FIBO(extension & Retracement ) at the 2.272 and 0.786
2- we are at the end of wave 5 of Eliot that MACD confirms that
3- we encountered with the divergent of RSI
1- Overlap of two FIBO(extension & Retracement ) at the 2.272 and 0.786
2- we are at the end of wave 5 of Eliot that MACD confirms that
3- we encountered with the divergent of RSI
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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.