Bullish on all time frames... but...
It's getting overbought on all time frames! Not surprising after such a vertical move during 8 trading days since it touched Kumo top on daily.
Slow Stoch is in overbought territory, and 1 Hr ADX is too high. 4 Hrs ADX has some more room until 40, but that is getting overbought too.
A short term final blowout to 4050 is not impossible, but I think correction time is getting close. If it happens, first pull back tgt is 3980-4000.
It's getting overbought on all time frames! Not surprising after such a vertical move during 8 trading days since it touched Kumo top on daily.
Slow Stoch is in overbought territory, and 1 Hr ADX is too high. 4 Hrs ADX has some more room until 40, but that is getting overbought too.
A short term final blowout to 4050 is not impossible, but I think correction time is getting close. If it happens, first pull back tgt is 3980-4000.
Penafian
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Penafian
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.