The RSI is not buying the hype as it shows clear Bearish Divergence
This aligns with the current impulse wave count suggesting the 5 wave structure may now be complete and the orange uptrend has been broken
Last year a similar Bearish Divergence triggered a large consolidation phase marked in yellow
It may repeat again
First support is at 153 the top of the previous consolidation
Second support is at 87 the bottom of that consolidation
This aligns with the current impulse wave count suggesting the 5 wave structure may now be complete and the orange uptrend has been broken
Last year a similar Bearish Divergence triggered a large consolidation phase marked in yellow
It may repeat again
First support is at 153 the top of the previous consolidation
Second support is at 87 the bottom of that consolidation
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Publicações relacionadas
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.