AGC might be corrective after explosive move to the upside

16 nov 2021

Altimeter Growth seems to have finished it's impulsive move and looks like price is in the middle of a correction that could take all the way down to the 61,8% for a 2 Wave. RSI gave us a first signal making a lower high and price making a strong move to the downside. Take a look as well at the rise in volume during the first wave as it increases at every motive wave telling us that the move is legit. At the moment we should watch the correction waiting for any sign that indicates it finishes and starts a new move to the upside.