looks like a minor correction is under way. my chart shows a short term potential play here. with a small push up to complete the wave 4. Wave 4's usually have 3 correct style waves aka an ABC. ultimately i show us getting dragged down to the 2.618 fib level that lines up with an area of previous support (green box). with that push down itll complete 5 waves and the opportunity to set in a short term long position will be ideal. watch that 200 EMA as the 2.618 fib level because it will add to the confluence as we push down to the target. we will likely bounce off that 200 EMA area. Look out for the 1hr and 4hr RSI to get into the oversold area but wait for them to diverge before entering a long position.
more price action is needed to complete a bigger picture of whats to come but this could very well be the beginning of a trend change.time will tell. i hope this helps

thank you for your time and happy trading!!

Rigo
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