When I look at RSI and MACD levels and progression on 1H, 4H and Daily and other things like the Rising Wedge and a few other things I would say it would be very possible to see a pullback and break down through the Rising Wedge to a 50-61.8 Fib Retracement of that Rising Wedge move, give ourselves a bit of breathing room on the lower time frame RSI and regain a bit of interest on the buy side and then continue our move up since the Daily RSI is still progressing slowly higher and nowhere near elevated levels
I would be looking for the first pull back to around $6,400 and then 6,270 before confirming anything deeper. As always we have to wait and see what the market makers have in store for us in these situations.
I would be looking for the first pull back to around $6,400 and then 6,270 before confirming anything deeper. As always we have to wait and see what the market makers have in store for us in these situations.