With this strategy having performed relatively well during the pandemic, while we do see the upwards trend continued in short term projections; one should at least await for a cross below overbought to get a fair price.
Interesting observation: SMAs fitted to the RSI are converging; such also occurred at the last "big jump" and at the begging of the last slow decline.
Edit: corrected "oversold" to "overbought"
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Correction: "Cross below overbought", although given that the bands are built on 7 day periods, I honestly would wait until it crosses below oversold myself.
The 5 short-term Elliot waves to the upside is finishing.
CME now also has a $300+ gap. Do you think it’ll be filled soon?