PEPE (Y25.P1.E1). Top is done. Hi Traders,
Diagonal wave 5 confirmed in my opinion. From a wyckoff perspective, I see this as distribution with wave 2 to 3 in progress.
The neckline is clear, the grinding support line has been compromised so refer to the wyckoff models for the last stages before it drops.
Hence I'm looking for a nice spot to short.
The indicator might help a little to find an entry for a long or short in the coming days or weeks.
All the best,
S.SAri