Target 5,275. Wait for reversal.
Dump is almost done.
Dump is almost done.
Note
Hidden bearish div spotted. Sell volume still going high in 4hr chart, where buy volume is low. The sell velume has to settle down for the reversal to be able to take place.
Note
Price seems to have stabilized at predicted 5,275 zone. The EMA-lines are grouping which indicates price finding a right range or reversal - tho I don't see reversal, just a right pricerange found. In case price goes up we could be testing 5,50-5,60 areas. If the downside continues (unlikely unless bad news spread out) wewill continue the path marked by the fan and the fibo resistance levels.
Note
Note
Reversal confirmed, daily rsi oversold => waiting for recoil. 
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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.