Extremely overbought - RSI bearishly diverging.
MACD histogram is declining, buyers close to crossing under sellers.
Bearishly engulfing candlesticks.
Chose target based on fibonacci retracement tool, and the approximate area where the 13 EMA could be (purple EMA) which it could touch down to. Conservative, but seems likely given the supporting indicators. Because of how bearish the indicators are, I am okay with a very tight stop loss, but we will see if that was a good idea soon enough.
What do you think?
MACD histogram is declining, buyers close to crossing under sellers.
Bearishly engulfing candlesticks.
Chose target based on fibonacci retracement tool, and the approximate area where the 13 EMA could be (purple EMA) which it could touch down to. Conservative, but seems likely given the supporting indicators. Because of how bearish the indicators are, I am okay with a very tight stop loss, but we will see if that was a good idea soon enough.
What do you think?
Catatan
Update: perfect touch ;) and we're OUT!Catatan
Might even be seeing another leg down if this is a true eliot's wave ABC correction: 
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.