Daily RSI at 80
H1 working t/f RSI also at the overbought level
We have got a three wave up within corrective structure
Supported by the projected reverse channel very close to price
At least there should be a leg down, similar to the one on the left side of the chart at H4
On daily there is an option that the index is still forming large flat structure before a new higher high
But, tactically, there is a lot of structural evidence to go lower in a motive wave
H1 working t/f RSI also at the overbought level
We have got a three wave up within corrective structure
Supported by the projected reverse channel very close to price
At least there should be a leg down, similar to the one on the left side of the chart at H4
On daily there is an option that the index is still forming large flat structure before a new higher high
But, tactically, there is a lot of structural evidence to go lower in a motive wave