Hello Newbies
I hope everyone has headed my warnings of having a tight SL, cause the triple top 162 high is well and truly set in for now and sub wave 4 down is on its way.
MACD is showing the first bar with a black tip which means its receding down wards, and we have a sloping RSI 14 as well......bearish
On top of that, we have the 5 & 9 ema sloping downwards and we have lower lows and candle over lap with the previous green candle being swamped..........bearish
Not alot of resistance until you get to the 61 fib ( 113.57 ) level / .786 ( 100.15) levels............
It appears the pump is over for now and distribution is setting in based on the reasons above.
No financial / licensed advice here
All imo, imo, imo
LTR CHARTING THREAD 3.0...........TA ONLY PLEASE, page-725
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