Increasing selling pressure, Rsi indicating over bought and a completion of the Eliot waver formation shows indications of an eminent correction. Expect a Double top formation at B as the markets tend to retest the Resistance level before heading down to the 38.2 Fibonacci level for a possible continuation or down to the 68.0 Fibonacci for consolidation to next move .
Kommentera:
work on time frame for correction on Eliot waves.
Trade stängt: målet nått:
Consolidation achieved and new all time high attained.
