The 'harmonics' movements Feb-Apr 2021 has something extraordinary, especially anchored to the divergences of the RSI which are much better seen using the heikin hashi chart which better conveys the momentum of the trend, being a trend following / swing itself.
Always based on the reading of the RSI and linking it to the current trend, I foresee 2 possibilities:
1) imminent reversal in conjunction with the Fibo @ 1.13 last impulse wave tracing; then a pullback @ $ 58900 @ 0.618 fibo retracement
2) continuation of the bearish trend up to @ 1.618 Fibo retracement @ $ 40300, where is the completion point of a Bullish Harmonic Shark pattern and relative reversal towards area @ $ 55300.
this idea comes from my passion for the harmonic trade which has something magical about it.
Сделка активна:
entry @ 1.13 , at the moment is 3% profit