This may be a top of some sort: The price is expected next to dip down to Wednesday's low for starters - then we wait and see
Daily: Price was rejected at the 50 SMA
Thursday, October 23, 2014
Book-perfect example of wave-3 and -5
1-Hour: We had a perfect example of a wave-3 and wave-5 formation on the hourly. We reached overbought on the RSI(14) at both instances. Also note divergence between price and MACD or RSI: book-perfect!
This may be a top of some sort: The price is expected next to dip down to Wednesday's low for starters - then we wait and see
Daily: Price was rejected at the 50 SMA
This may be a top of some sort: The price is expected next to dip down to Wednesday's low for starters - then we wait and see
Daily: Price was rejected at the 50 SMA
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