Showing extreme amounts of bearish divergence on the daily, breaking immediate trendline and bearishly engulfing on the daily a pullback to the $326 area seems likely.
Note
Oh boy this played out wonderfully I have taken some profits and plan to hold the rest of my position a bit longer while lowering my stop in profits.Note
182 will be our extended Profit Taking target.Disclaimer
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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.