This trade is based on the RSI being on a resistance level @ around 46 and every time it has reached there we have seen an upward movement
We are in a bull market act bullish!
4H shows oversold level should be a good entry for a long
RSI has some support at the 46 region
I believe we will see a bounce at that region upward
The 5 Elliot wave count has finished using the Dips to each time the 21 day MA was breached
After THE PRESIDENT of the USA tweeted negative it did not move the price that could have been the catalyst for downward movement but it wasn't that is why I believe a move upward...
RSI and MACD are seriously oversold
I have 2 plays if my long gets stopped out I will go into the short position
Each with a 5% gain
Use 10x leverage on long if stop-loss goes Enter a short with a 20 x leverage