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.
Comment:
Leading Diagonal?
