Past 4 times RSI breached 80 there was a nice pullback
End of 5 wave climb and end of corrective ABC wave
.764 fib extension of 7/11 -> 27/11 -> 12/12 in contact
Previous area of resistance in late august/early september
End of 5 wave climb and end of corrective ABC wave
.764 fib extension of 7/11 -> 27/11 -> 12/12 in contact
Previous area of resistance in late august/early september
Trade active:
First target of ~1.185
Trade active:
Fake pullback from when RSI was over 80 happened on 2 previous occasions. Trend line now hit. Still expecting to hit our target