Hi guys!
Let's get straight to the point.
Daily chart: Facts: Bearish Divergence on the daily RSI, Decreasing Volume, Forming Rising Wedge = We really are on the edge right now. A correction could happen anytime soon.
Weekly chart: Facts: Parabolic rising without any major correction, Stochastic RSI is at around it's maximum value since the beginning of March, Hammer candle = CORRECTION.
NOTE: I do see the forming bullish flag on the daily chart, and I also see that we tested a previous resistance as a new support. It could indicate that we might see a FAKE OUT upwards, than an immediate pullback.
TARGETS:
FAKEOUT: 9k
CORRECTION: 6.4k VPVR RESISTANCE (as you can see it is between two key fibbonaci levels too)
***It is not a financial advice, it is only my opinion***
If you have any question, leave a comment! If you liked the analysis please leave a like, thanks!
Let's get straight to the point.
Daily chart: Facts: Bearish Divergence on the daily RSI, Decreasing Volume, Forming Rising Wedge = We really are on the edge right now. A correction could happen anytime soon.
Weekly chart: Facts: Parabolic rising without any major correction, Stochastic RSI is at around it's maximum value since the beginning of March, Hammer candle = CORRECTION.
NOTE: I do see the forming bullish flag on the daily chart, and I also see that we tested a previous resistance as a new support. It could indicate that we might see a FAKE OUT upwards, than an immediate pullback.
TARGETS:
FAKEOUT: 9k
CORRECTION: 6.4k VPVR RESISTANCE (as you can see it is between two key fibbonaci levels too)
***It is not a financial advice, it is only my opinion***
If you have any question, leave a comment! If you liked the analysis please leave a like, thanks!
Komen:
Looks like my FAKEOUT 9k target is playing out.