Counting waves here, it looks to have completed the 4th wave with an ABC correction and has now found the bottom of the white flag with a positive RSI divergence on both the 4hr and 1hr time frames.
My target is measured by the 1. fib trend line extension as well as the vague upper red trend line.
It has left the red flag which is some concern after it had been retested, however it's still above the blue resistance and creating positive RSI divergence along the way.
My target is measured by the 1. fib trend line extension as well as the vague upper red trend line.
It has left the red flag which is some concern after it had been retested, however it's still above the blue resistance and creating positive RSI divergence along the way.
Nota
As you can see on the hourly chart, the positive RSI divergence is rather obvious.On top of that I have highlighted the ABC correction.
I'm Long.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.