rsi continuously showing strong upward divergence. 24000 zone support will be hard to break in short term. A retracement to 0.618~ may happen and form head and shoulder.
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hourly chart showing downward rsi divergence. short time frame small retracement to 0.236 may happen .
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doing good
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humm , doesn't look bullish to me ... already wave 2 complete?
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After little drop in pre-market, price are now going up. in all time frame rsi havne't break the trend line yet, and below 4h time frame rsi still in downward divergence. carefully holding the long position.
See my post today. I vote for your bullish theory above. Good luck!
DaddySawbucks
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If this plays out how I expect we got an Elliott wave 2 Friday that could push thru to Monday/Tuesday latest before powerbounce wave 3. Risky shorting although it could still tank off, who knows?!
yoppy119
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@DaddySawbucks, Same thought. Since it's about 3% move to complete wave 2, probably just take 2-3 days . i update my thought about worse case. Definitely need to be careful when play this risky one :P