We are currently in wave “D” of the correction phase from the inverse set of that started on 5 May 2018.
I am expecting that this wave will take us to around $6150 and will begin its ascent once again to complete the that is currently tempting us with its thumb up, a slight skirt raise and biting its lower lip looking like it is beggin us to hitch a ride.
Stop Loss: Close below $5875
Go Long @ a close above $6850
Remember, don't drink and trade...always ask someone to hold your beer first!
MACD is approaching a critical point with a falling stoch, but the RSI is leaning on the 40 mark, which has proven to be a resistance and support level in the recent time.