Weakness growing for CCJ. I'm going to close half the position and open a short
Technically there's only so many times you can knock on the resistance without breaking. I think this bull move has run out of steam. Looking at a a retracement now. First to 0.236 Fib level. Then possibly the the stronger 0.382
● latest local top
● RSI =>70 multiple times
Target 1:
● 20 EMA and 0.236 Fib 29 - 29.3 region
Target 2:
● 50 EMA and 0.282 Fib 26.9 region
Technically there's only so many times you can knock on the resistance without breaking. I think this bull move has run out of steam. Looking at a a retracement now. First to 0.236 Fib level. Then possibly the the stronger 0.382
● latest local top
● RSI =>70 multiple times
Target 1:
● 20 EMA and 0.236 Fib 29 - 29.3 region
Target 2:
● 50 EMA and 0.282 Fib 26.9 region