The crash of today was expected as we reached the top of the wedge and had a fake out in it. As soon as I've seen the second rejection in the wedge and knowing that we are at Fibonacci 3.618 level, I've opened my short.
Nice crash to Golden Pocket and now looking for a reversal. Has also tested the uptrend channel and got rejected at Ichimoku Kijun line 4h as expected (Tenkan 12h). Usually we see a bounce on Kijun most of the time.
I don't know what happens next but I will prepare for both ways.
Daily RSI was at 73, so this was another trigger for me.
For now, I think the uptrend is still intact.
Nice crash to Golden Pocket and now looking for a reversal. Has also tested the uptrend channel and got rejected at Ichimoku Kijun line 4h as expected (Tenkan 12h). Usually we see a bounce on Kijun most of the time.
I don't know what happens next but I will prepare for both ways.
Daily RSI was at 73, so this was another trigger for me.
For now, I think the uptrend is still intact.