Price has formed an impulse up in the form of a leading diagonal, followed by a divergence on RSI.
Watch for the price action at 38% fibo level for the retracement, but the better entry and a typical one for the wave 2 should be closer to 62%.
RSI is approaching 70 level, I would wait for a small divergence at the RSI bottom.
Good luck!
Watch for the price action at 38% fibo level for the retracement, but the better entry and a typical one for the wave 2 should be closer to 62%.
RSI is approaching 70 level, I would wait for a small divergence at the RSI bottom.
Good luck!
