Daily stoch RSI and RSI showing decreasing buying pressure (actually a massive bear div on RSI)
If my count of EW is right we are wave 5, maybe one more impulse to 1.618 to 2.618 fib extension followed by big correction
Not such a good time to buy then if you're a casual trader, better wait for correction IMO
What do you guys think?
If my count of EW is right we are wave 5, maybe one more impulse to 1.618 to 2.618 fib extension followed by big correction
Not such a good time to buy then if you're a casual trader, better wait for correction IMO
What do you guys think?
Note
Or we can keep going to 2.618 - 3.236 extensions like ONT or EOS...?Note
Looked at the sub-wave count, we had a wave 3 < (wave 1 * 1.618), which means we should get an extended wave 5 with targets from 1.618 to 2.618 fib extensions (1600 and 1940)
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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.