as you can see we have been hoovering in the ichimoku cloud for a couple of days which was a good sign it would bust out of it. I've drawn an elliot wave projection to get an idea of where it might take us. Keep it safe
Comment
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zoomed in a little to project sub waves if the idea is valid
RSI? Last time when RSI was that high it dropped from 9K level to 7K level. Am I wrong??
DaDude
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@Halilotti, valid concern monitor the upcoming resistance zone closely. I'm confident the 78.6 fib level is the max we can get at the moment. taking longs now is risky, if so have tight stops.