This is not a finished idea. Looking at the preferred count I expect the price to drop from 2990 level. Waiting for the trigger in the form of price action pattern (pinbar, engulfing etc.)
Note
It is also possible that the top is in place (looking closely I see that price touched 0.618 retracement already). If the price moves decisively breaking the support trendline on RSI chart I will pull the trigger with stops at 2991
Related publications
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.
Related publications
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.