RSI is 68 and appears to be trending downward.
ABC correction possible on the 4H timeframe.
Puts the price action around the .5 fib which is a large area of interest.
Purple box is where I am watching the price to reverse to buy on the way up.
NFA
Do your own DD
Note
bounced off the .382 to the pennylook for another drop.
This candle could signify a temporary reversal on lower timeframes.
Note
Looks like a possible doji here.RSI is forming new downward trend.
Price is stalling at a resistance.
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Related publications
Disclaimer
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.