Used the RSI
to do Elliot Wave
count (It does work). Potential of 50% pull back on leg (4) of EW same as happened on leg (2). I'm long since 7200 and still bullish
. However I do see the potential of a pull back here. It don't affect me, just be careful opening a long here. Wait for a pull back to the 55RSI on the daily chart
, before considering going long. I also don't trade against trend, we are currently going up so I have no interest in shorting. Check my Twitter
or Youtube for more explanations.