Area we're looking at
- Previous 27th december high of $16490
- .618 retrace of 17/12 -> 22/12 fall
- Near term end of 5th wave? Parallel channel connected off 1st-3rd/2nd-4th waves seem to indicate it
- .1 extension off 2nd - 3rd - 4th wave
- Rsi nearing 80
- Medium term Channel high at ~17k
Comment:
Dipping down towards elliott wave channel
Comment:
On way back to retest previous support
Need momentum/volume for a clean break like previously on 5th jan and 2nd jan