Looks like we may be at a pivot point. We are at an overbought area on the RSI. I believe that this may be an "abc" corrective wave pattern. We may be coming off of the C part of the wave. I didnt want to over mark the chart. Looking for a 61% Fibonacci retracement to the previous low. It's a fair fight around this area regarding bulls and bears volume so I recommend looking at volume analysis before we really see where price may go. Price may need to test this 200 HMA. However, I have my reasons to believe that this current rally needs a cooling down.
What do you think?
What do you think?
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