Extremely overbought - RSI bearishly diverging.
MACD histogram is declining, buyers close to crossing under sellers.
Bearishly engulfing candlesticks.
Chose target based on fibonacci retracement tool, and the approximate area where the 13 EMA could be (purple EMA) which it could touch down to. Conservative, but seems likely given the supporting indicators. Because of how bearish the indicators are, I am okay with a very tight stop loss, but we will see if that was a good idea soon enough.
What do you think?
MACD histogram is declining, buyers close to crossing under sellers.
Bearishly engulfing candlesticks.
Chose target based on fibonacci retracement tool, and the approximate area where the 13 EMA could be (purple EMA) which it could touch down to. Conservative, but seems likely given the supporting indicators. Because of how bearish the indicators are, I am okay with a very tight stop loss, but we will see if that was a good idea soon enough.
What do you think?
Note
Update: perfect touch ;) and we're OUT!Note
Might even be seeing another leg down if this is a true eliot's wave ABC correction: 
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.