Continuing bearish case, or bullish turn?
Updated
I see a good buying opportunity at these levels, especially for long investors.
We're not quite in the buy range, but were momentarily today.
The oversold RSI on the weekly and major double bottom is what I'm counting on for this bullish reversal.
115 is a critical level, and must hold for this bullish case to have any meaning according to Elliot wave.
I currently have not stake in this, but could be if we get closer to the double bottom, which would be very interesting.
Happy trading.
We're not quite in the buy range, but were momentarily today.
The oversold RSI on the weekly and major double bottom is what I'm counting on for this bullish reversal.
115 is a critical level, and must hold for this bullish case to have any meaning according to Elliot wave.
I currently have not stake in this, but could be if we get closer to the double bottom, which would be very interesting.
Happy trading.
Note
So far soo good, but still not invested in this.Seems like we've begun a rebound from the possible wave 2 bottom.
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.