Short idea
RSI over sold, possible double top, fib ext 1.618 w previous rejection.
RSI over sold, possible double top, fib ext 1.618 w previous rejection.
Commento:
Whoopsie. Supposed to be AJ and a private monitoring idea. Ah wells :)
Commento:
Another way to look at this from an EW perspective by the books is if the 5th wave struggles to make a new high, rather than a strong impulse with RSI divergence.
Commento:
Or another perspective is an Alt AB=CD at fib ext 1.618. RSI div and a potential double top.
Commento:
Commento:
If we use the information and knowledge together as a confluence... the trade makes more sense to take.