It's a bit tricky here, so not really sure what will happen.
Volume indication tells me UP
RSI is not oversold, tells me DOWN
I suppose this:
Case A: is reversal up but limited to the 618 and 786 of fibo, before a drop (probably limited as well)
Case B: drop down drawing a bottom W, then reversal up ( limited to 618 and 786 but can also go higher after a correction)
Volume indication tells me UP
RSI is not oversold, tells me DOWN
I suppose this:
Case A: is reversal up but limited to the 618 and 786 of fibo, before a drop (probably limited as well)
Case B: drop down drawing a bottom W, then reversal up ( limited to 618 and 786 but can also go higher after a correction)
Comment:
Well, it was case A ;-)
Comment:
The drop could be limited as well and may continue to bull after a correction. Up to the next trade.
Comment:
TP 1 hit
Comment:
Going short for trade 2
Trade closed manually:
"bull" in sight, focus 1,1000 lvl's. trade 2 closed