besides the medium-term SELL weekly RSI 93.0 and the Daily RSI 80.0 the MONTHLY RSI is almost 89.0.
We are about 1.50 pis above the BB top and viewing history, the correction was severe downward. Further, we have HAMMER TOP on monthly chart, a signal that suggests we may turn the tide.
I remain having the view SELL is the way to go, and regardless we may see some spikes, this is opportunity to add small increments to our existing shorts. the monthly chart objective is likely to be 9.0000. For the weekly chart its 10.3700 currently.
We are about 1.50 pis above the BB top and viewing history, the correction was severe downward. Further, we have HAMMER TOP on monthly chart, a signal that suggests we may turn the tide.
I remain having the view SELL is the way to go, and regardless we may see some spikes, this is opportunity to add small increments to our existing shorts. the monthly chart objective is likely to be 9.0000. For the weekly chart its 10.3700 currently.
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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.