I also took in elliot wave theory for the first time today and I was just about to say it looks like we are at the final wave of an impulse action and as I type this we hit 6.40 again. Heres hoping this takes us back up to 7. I am not claiming to be an expert but would be interesting if this could help me predict market moves.
[Edit]
We have to hit 6.45 for it to become an upwards impulse.
All of this at a level below what is visible on the graph. At the level of this graph it looks like we still might have some correcting to do but I hope I am wrong.
Topic: RSI gone from "overbought" zone - page 2. (Read 2787 times)
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