Short term possible retracement
It can be noticed from the chart that RSI in showing positive divergence and also has broken out its downward trend.
A kicker candle in 1 hour time frame has been stablished which can serve as a first Elliot wave and the second wave is probably has done its job as the price has broken the downward trend line. be advise of the possible bullish scenario.
A kicker candle in 1 hour time frame has been stablished which can serve as a first Elliot wave and the second wave is probably has done its job as the price has broken the downward trend line. be advise of the possible bullish scenario.
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.
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.