Action: Set limit sell orders between $8.126 and $7.728 Stop Loss: $8.4 Take Profit: $7.468 Order valid: 16 hours from publication
This trade has a HUGE profit potential if you play it correctly.
Wait for bearish divergence on the MACD and RSI, and 5 waves within orange wave 5 to form.
The zone to enter shorts is just a guide, and I will enter only 50% of my position here as the highest point depends on how far down wave 4 goes.
Wait for bearish reversal candles at the top to add more.
Good luck!
Disclaimer: This material should not be the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions, and is not related to the provision of advisory services regarding investment, tax, legal, financial, accounting, consulting or any other related services, nor is a recommendation being provided to buy, sell or purchase any good or product.