needs rsi validation, cant break red lines, or break .618
for educational use only. trade is based on Wolfe wave
using the 300 ema as support? educational use only
red line has been used as support will it now become resistance? start of a correction?
Just my idea. eye on the .236 fib channel has acted as resistant before. approaching .5 and .618 retractment from bear run. Right in line with .236 fib channel
bearish divergence on MFI and macd weakening. Approaching resistance at 41.69. This could be the end of the parabola or the start of a new impulse. Lets see what happens. This is a monthly view