As prices have achieved new highs we have the grounds to declare a possible intermediate top.
Divergences continue on RSI and EWO - note the clear divs between 3 of (3) and 5 of (3), and again between (3) of 3 circle and (5) of 3 circle.
Change in direction of volume adds evidence to intermediate top as we see volume increase through (3) and steadily decline as price made new highs during (5).
Price action has been quite volatile lately; it is still possible prices continue sticky up to push higher in which case this count would need to be re-evaluated.
For now, we continue to watch for price breakdown for a intermediate correction.
Divergences continue on RSI and EWO - note the clear divs between 3 of (3) and 5 of (3), and again between (3) of 3 circle and (5) of 3 circle.
Change in direction of volume adds evidence to intermediate top as we see volume increase through (3) and steadily decline as price made new highs during (5).
Price action has been quite volatile lately; it is still possible prices continue sticky up to push higher in which case this count would need to be re-evaluated.
For now, we continue to watch for price breakdown for a intermediate correction.
