Elliot Wave Analysis - Published 02.08.2016
We're seeing a pullback to the 61.8 fib retracement and 23.6 fib of the previous impulse, while being overbought on the RSI.
We're seeing a pullback to the 61.8 fib retracement and 23.6 fib of the previous impulse, while being overbought on the RSI.
Note
We have seen a steep decline since the price bounched of the 61.8 fib as expected. I see further downside even through we have a couple of high news days.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.
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.