click to enlarge
Note the negative divergence on the hourly RSI.And in this risk on risk off world, it's not really looking on.
PS. Yen also, see Yen Overdone
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About Me
- 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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