Short term sell followed by leg up wave
Comment:
So at this point I think the big move is still down but it will probably form a triple top first.
Comment:
Still focused on a down move. May have one more upswing to test or even take out previous high but this is an opportunity to get in on a good short position. Once downward move is confirmed I will hold until ultimate PT around 1.06 and be taking scalping shorts on hourly RSI overbought.
Comment:
I moved stop to BE, but even if this hits it is only in anticipation of S/T move higher before bigger move down. Nothing changes unless there is a hug breakout to the upside. I will still be looking to get back in with a short at a higher price, probably somewhere just below previous high with expectation that it will make slightly higher new high and will put stop accordingly.
