Short-term play. It looks to have formed an ABC bear flag. Possible it rises up again to test resistance, but we are coming to a close of the C wave, which was very impulsive, but sentiment is still bearish, and the count seems to validate another move down. Just targeting a swing low at .68254. But you could target the support line at the bottom at .67399.
RSI shows some bearish divergence between the height of wave A and C, but will not be confirmed until wave C is truly confirmed to be over.
RSI shows some bearish divergence between the height of wave A and C, but will not be confirmed until wave C is truly confirmed to be over.
Comment:
just shot up to the upper parallel resistance. Not would be a goo place to short.
Comment:
This is looking very bullish. But indicators are showing against this move. Time will tell.
This is looking very bullish. But indicators are showing against this move. Time will tell.
Comment:
Interesting moment coming up, which may make or break this short trade.
Interesting moment coming up, which may make or break this short trade.