Monthly chart shows price trading in wave formation, Wave 3 should be completing soon. Major trend line has been hit 2 times as well. Weekly chart shows price trading between two levels, major s/r zones. Price is near the top of the trading zone; resistance. Once price hits resistance it should pull back and begin wave 4.
Monthly, Daily and 4 hour RSI show no overbought or oversold areas.
Daily and 4 hour stochastic price is in overbought area. 4 hour stoch has just crossed over.
Daily major resistance zone has been rejected and price has begun to pull away.
Expecting downtrend until price comes to test at next major s/r zone.
Connect with me for training.
J Madrid
Monthly, Daily and 4 hour RSI show no overbought or oversold areas.
Daily and 4 hour stochastic price is in overbought area. 4 hour stoch has just crossed over.
Daily major resistance zone has been rejected and price has begun to pull away.
Expecting downtrend until price comes to test at next major s/r zone.
Connect with me for training.
J Madrid