Chart show over bought. All lines (CMO,RMI, RSI, etc) hit the ceiling (>80 on scale, too much) . Should see retracement soon.
Test Fib retracement.
Fibonacci Calculator
High:8.4 Low: 3.5
Retracement
23.6% = 7.2 (7.3 nearly done)
38.2% = 6.5
50.0% = 5.9
61.8% = 5.3
78.6% = 4.5
100.0% = 3.5 impossible
This is my view and guess by chart/Fib only. I can be wrong . Plse DYOR and good luck to long term holders.
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