RSI between 40-50 on all time frames heading further towards oversold
MACD showing signs of a slight short term retrace
Bounced off the 61.8 on the 4HR and the 50 on the Daily
Daily is looking like a cup and handle formation
Elliot waves:
Sub wave currently in wave 4 (4HR)
Major wave, we are in wave 2 (Daily)
Currently at 820 with a long way to reach ATH at 1431
This trade may take 20 days to play out with take profit set at 1600.
MACD showing signs of a slight short term retrace
Bounced off the 61.8 on the 4HR and the 50 on the Daily
Daily is looking like a cup and handle formation
Elliot waves:
Sub wave currently in wave 4 (4HR)
Major wave, we are in wave 2 (Daily)
Currently at 820 with a long way to reach ATH at 1431
This trade may take 20 days to play out with take profit set at 1600.
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