Despite the rally, it can be easily marked as an ABC or a WXY.
Time to dump and complete the weekly/ daily ending diagonal
Trade safe
Time to dump and complete the weekly/ daily ending diagonal
Trade safe
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RSI divergence in play
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For this option to trade, need an overlap at ~17k. That negates the scenario with the third wave unfolding to the upside now
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My tiny sell stopped out.
Wave A - a leading diagonal. Note: wave 1 of it is also a leading diagonal.
Check for the higher frame - current move is approaching 62% level, where we may observe a strong rejection.