We have reached the 127% extension as expected yesterday, however the daily RSI is very overbought and could suggest we are at a bearish gartley reversal area. Bulls should be careful.
Note
24.50's should offer support, below that longs (bulls) will get a little nervous.
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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.