Last week I took a position short because of the elliot wave pattern that had finished it is now correcting abc also
Notice the big rising wedge and it has already broken
Getting in short is possible now because of small retracement on the smaller timeframe
One problem is that the RSI shows a divergence that could push price up
However there is going to be some volatility when employement number come out after a few hours
Notice the big rising wedge and it has already broken
Getting in short is possible now because of small retracement on the smaller timeframe
One problem is that the RSI shows a divergence that could push price up
However there is going to be some volatility when employement number come out after a few hours
Trade closed: target reached