We can see a bearish
harami which may signal the start of wave 4 and it is coming down from an extremely high rsi
of 87 with the macd
ticking down. We can see that the 55 ema
is approaching the trend line
,which in my opinion is a likely pivot point
as it will be a point of both static and dynamic support. But there is also other areas of support that may coincide where the 21 ema
is to signal the start of wave 5.
Moreover, taking a look on the weekly (and monthly)we can see that it is on an up trend favoring this play.