RSI divergence says that the rise is over unless there is another spill of money and RSI may rise. Otherwise it is set to drop.
Comment:
4150 target has been hit (as was noted on previous old idea) and it is a question of time to see a good long term buying spot. 2000 seems nearly impossible but everything is possible here
Comment:
Price is starting to show signs of weakness but it has not finished rising. 4300 is still possible.
Comment:
If however 4300 is reached and it is not a pin bar on weekly chart - we may be heading to 5450 which changes the picture as 4200 is the resistance line which divides a drop from further rise.
Comment:
As mentioned earlier - 4300 was hit and went over it thus with some shallow pullbacks we will continue towards 5450 over the next couple years and this invalidates a possibility for a sharp drop. A drop as such will happen but not this year.
Trade closed: target reached