We have had minor corrections, and like a bullet train moving beyond the previous highs.
Its very overbought on all time frames, and we apply wave analysis (estimated) we may understand that a correction is overdue as well. The A corrective wave may be somehwre 2,350 area. Overall I still see $ 2,100 zone to be reached over time.
Strategy SELL current $ 2,650 - 2,700 and take profit first near $ 2,375 area.
Its very overbought on all time frames, and we apply wave analysis (estimated) we may understand that a correction is overdue as well. The A corrective wave may be somehwre 2,350 area. Overall I still see $ 2,100 zone to be reached over time.
Strategy SELL current $ 2,650 - 2,700 and take profit first near $ 2,375 area.
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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.