NYSE:PNW   Pinnacle West Capital Corporation
This 120m chart of PNW is a follow-up to the daily chart posted earlier today. From an Elliott Wave perspective, I see recent price action as a flat correction (3-3-5) nearing completion into the 50% Fibonacci retracement level. RSI overbought and starting to show divergence means that the rally is losing momentum. Looking for the stock to roll over and begin moving lower impulsively. Already short from 82.50.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.