Public Chart: A Look at Diamondback Energy: $FANG

$FANG looks to have completed a 5-wave advance off the COVID low. It is diverging on the RSI presently, which can often happen at the conclusion of a 5-wave advance.

Should this divergence hold, we may soon expect a large, 3-wave correction that targets the orange box below, at a minimum, a 50% decline in this stock’s price.


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