Hello Traders,
I'm looking to be short pretty soon. The situation is that we have all signals and structure to expect this to go down. I will attach daily chart to this idea to show the main reason why I think it will go down. As usually divergence and oversold RSI are only confirmation to watch for the move down. I need price to make couple more confirmation moves before I get involved. We also happen to have butterfly on the daily time frame. Lets get some great profit here =) However as good as it sounds don't jump the gun (i usually tell this myself as well ;-)))
I'm looking to be short pretty soon. The situation is that we have all signals and structure to expect this to go down. I will attach daily chart to this idea to show the main reason why I think it will go down. As usually divergence and oversold RSI are only confirmation to watch for the move down. I need price to make couple more confirmation moves before I get involved. We also happen to have butterfly on the daily time frame. Lets get some great profit here =) However as good as it sounds don't jump the gun (i usually tell this myself as well ;-)))
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Looks like we are going down now =) Double rejection.
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Looks like now it's making a flag to go up. Keep watching this one
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The drop expected soon =)
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Important level, if brakes down we can expect more move down. Move your stops, nice profit for now