next move?

29 Apr 2020

If this does end up being the relative top, then a pull back to the mid 7400's should be expected before making the next big move up. RSI on the 4 hr and daily are extremely overbought and as highlighted, we have a strong bearish divergence on the hourly that oddly enough hasn't played out yet. This price action could go sideways for a day or two before this plays out.