700 Tencent, pullback near completion

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$700 looks be finishing wave C of macro 4, of its corrective phase at the High Volume Node, $520, the 0.5 Fibonacci retracement of the larger macro move up.

The daily 200EMA is lost and the daily pivots nearly fully ran to the S5.

Daily RSI is deep into oversold with a 3 wave structure down. A reversion to mean to trade is on the cards, at least, and can be played level by level to see if it wants to go to all-time high.

Weekly RSI also nearing oversold.

Safe trading

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