Looking at this recent drop as wave 1 still in progress. I will be shorting any bounce with stops above .77783.
A bounce in the RSI to 50 or 60 would be a good sell signal. If the following drop is a 3rd wave I would like to see the RSI break below 40 and even 30.
I am showing the Fib extensions with Andrews Pitchfork for target areas.
A bounce in the RSI to 50 or 60 would be a good sell signal. If the following drop is a 3rd wave I would like to see the RSI break below 40 and even 30.
I am showing the Fib extensions with Andrews Pitchfork for target areas.
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Leading Diagonal?
