That is an UGLY chart. Ugly because it likely foretells more of the same. Sharp moves that overlap previous highs or lows followed by a reversal.
Pls note the 9 RSI diverging on the 30 min bar chart.
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- Guy W Bishop
- I have been applying Elliott Wave Theory to energy markets as a broker and as a trader for commercial entities since 1983. This blog is merely my personal musings on various wave structure's and NOT any kind of trading recommendation or suggestion.
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