Rising wedge formed on weekly TF
Breakout candle above read line will destroy falling wedge, otherwise we will see retracement to green zone
Month candle will close in 3 days and we will see price movement
According to bollinger bands we are in critical zone of price movement on both weekly and month TF
+ RSI has some room to grow
- RSI pretty overbought
- This month candle touched 0.5 Fib level on channel
Breakout candle above read line will destroy falling wedge, otherwise we will see retracement to green zone
Month candle will close in 3 days and we will see price movement
According to bollinger bands we are in critical zone of price movement on both weekly and month TF
+ RSI has some room to grow
- RSI pretty overbought
- This month candle touched 0.5 Fib level on channel
Trade active
Time to book some profit before visiting 0.382 FIBTrade closed: target reached
Total2 target reached, looking for some retracement to 340-360B$ zoneNote
Weekly RSI overbought Month RSI should complete similar setup to 2016/2017 year - after reaching 70 level massive upside breakout
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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.