This to accompany the weekly chart I published earlier today.
You can see the shorter term bullish trend line was broken then retested so we may get immediate drop next week. But there is a bullish divergence in the 1 hour RSI so we could get one more short bounce up for a second test of the line.
Process your way. Have great weekend.
You can see the shorter term bullish trend line was broken then retested so we may get immediate drop next week. But there is a bullish divergence in the 1 hour RSI so we could get one more short bounce up for a second test of the line.
Process your way. Have great weekend.
Note
Two bearish ways to this possible next action. 1. Expanded flat 3-3-5 action or a zig zag. abc. Reference elliottwave.net/educational/basictenets/basics3.htm
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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.