Update to my last call from telegram.
Nothing really changes, I still see that 0.382 Fib zone as a possible scalp short entry. We formed ih&s here, retested bullish OB. Normally, you would want to long this, perfect set up imo, however there is a hidden bear div, and RSI 1h is forming a very dangerous rising channel. Long from current levels to close it and flip short at 0.382 is ballsy. Do it under your responsibility. I am waiting for short entry rather (NOT using big position, going very easy, because I believe being a BIG bear here = being an idiot. Beware of last big fake out rally (at least I expect that)
Nothing really changes, I still see that 0.382 Fib zone as a possible scalp short entry. We formed ih&s here, retested bullish OB. Normally, you would want to long this, perfect set up imo, however there is a hidden bear div, and RSI 1h is forming a very dangerous rising channel. Long from current levels to close it and flip short at 0.382 is ballsy. Do it under your responsibility. I am waiting for short entry rather (NOT using big position, going very easy, because I believe being a BIG bear here = being an idiot. Beware of last big fake out rally (at least I expect that)
Edward Morra