Thanks for viewing.
For what it's worth, I am just pointing out the strong bearish divergence of the price action vs RSI peaks on the hourly (4 touches forming a strong resistance trend-line) and 4 hourly (2 touches).
My wave degrees are a bit of a mess but my basic count is that we are finishing up a leading diagonal / sub-wave 2 of wave 2 in the down-move.
The swing high of 114.550 is the Alamo - if it gets there I will lose a bit on this trade. My larger bearish view comes mostly from the daily and the lower highs set since the 3rd of October.
Let's see how things go. Protect those funds and good luck.
For what it's worth, I am just pointing out the strong bearish divergence of the price action vs RSI peaks on the hourly (4 touches forming a strong resistance trend-line) and 4 hourly (2 touches).
My wave degrees are a bit of a mess but my basic count is that we are finishing up a leading diagonal / sub-wave 2 of wave 2 in the down-move.
The swing high of 114.550 is the Alamo - if it gets there I will lose a bit on this trade. My larger bearish view comes mostly from the daily and the lower highs set since the 3rd of October.
Let's see how things go. Protect those funds and good luck.
Comment:
I just pressed publish when it broke downwards, so this may come a bit late.
Comment:
Re-entered on a break below 113.210... up 200% so far. May play wave c of the retracement up while still maintaining my short position. I expect the decline to continue. after a partial retracement.