RSI is playing out a perfect falling wedge and the 5th wave should drop to the same, oversold, level as our last drop did. I expect a nice turn around there!
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Looks it tested that trendline and starting to head lower....
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Adding a couple days to hit 5k. Thinking the 11th now. Wave patter was a tiny bit off
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In the graph from my previous update. Instead of going above the RSI and then breaking down like the previous drop we have gone above then bounced off the top. I still anticipate a drop out of the current bearish descending triangle.
