1. EW sequence completed
2. Bearish shark completed
3. Bullish 5-0 3rd wave 224 ext. completed
4. RSI overbought
I guess enough reasons to be short :) Good luck
Should this be the EW sequence completion a possible 3D for a short into TL - breakout test
Could be a definitive EW4 with RSI div. although wick below 50fib. still closing above. A beginning of EW5, perhaps? We'll see this week.
Hit the 161.8 of AB on this completed ABCD, 113 acting as res. from previous high. Both determined the 3rd wave, PA turned down for a ret. @50fib., broke out of the narrow descending channel towards completing wave 5.