Bearish Scenario (Short Term):
- End of Wave V
- Bearish Divergence (red lines)
- Rising Wedge (White Lines)
- RSI overbought
- MACD above 0
- A/D flat
- Low VPVR support at these price levels
- Diminishing trade volume
- Reached Resistance levels
I anticipate a correction down to $126-$130 initially and might drop further down to $120 zone before pushing up again.
I am LONG on THO long term.
- End of Wave V
- Bearish Divergence (red lines)
- Rising Wedge (White Lines)
- RSI overbought
- MACD above 0
- A/D flat
- Low VPVR support at these price levels
- Diminishing trade volume
- Reached Resistance levels
I anticipate a correction down to $126-$130 initially and might drop further down to $120 zone before pushing up again.
I am LONG on THO long term.