Hopefully this continuation pattern plays out and we continue the move up!
You can also see here that we are running into resistance at the .618 fib level, but we've been eating away at this supply since April 3rd so I could see us breaking through upwards.
But we are extremly overbought on the RSI and have had very little time to consolidate these gains. Saying a correction is overdue is obvious so keep that in mind.
You can also see here that we are running into resistance at the .618 fib level, but we've been eating away at this supply since April 3rd so I could see us breaking through upwards.
But we are extremly overbought on the RSI and have had very little time to consolidate these gains. Saying a correction is overdue is obvious so keep that in mind.
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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.