Could be wrong but there are hints of possible reversal already incoming back up in the higher timeframes! Couple bullish divergences, butterfly and ABCD harmonic patterns. Also look where the fib retracements land, as well as the fib extension on the 4 hr chart. Looks good to me... I will have to post the other timeframes below.
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Ignore the one yellow line on the 2 hour chart USI/RSI combo indicator on the bottom. But this should give an idea of what could happen. If we break 0.618 on 2 hr that could be trouble potentially (or someone else buying our stop losses into a bull market!), while the fib extensions on the higher time frames give us an idea of where it could be headed immediately.
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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.