Currently sitting at .618 fib retrace of prior downward move.
Looks to be an internal wave 2; if this is correct our next downward move should be brutal.
Could move a bit further - Invalidation @ larger degree wave 2 ( ii on chart )
Divs on lower time frames make me think this is beginning to come to an end, but we will see.
*Notes:
- Hidden bear divergence on RSI (lower high price, higher high indicator) => continuation divergence
Looks to be an internal wave 2; if this is correct our next downward move should be brutal.
Could move a bit further - Invalidation @ larger degree wave 2 ( ii on chart )
Divs on lower time frames make me think this is beginning to come to an end, but we will see.
*Notes:
- Hidden bear divergence on RSI (lower high price, higher high indicator) => continuation divergence
Comment:
Looking for possible .027-.028 area
Comment:
might be time to head towards 3
Comment:
LEL.
