Short
Stratis Short, use of Elliot wave, bollinger, RSI Explained
Yo, starting to use some theory here :
About Elliot Wave, i can here the first wave with an impulse, retracement for wave 2 is usually 0,5 of Fib. However i can see that stratis is becoming bulish, i can see it retrace to 0,382.
About Bollinger, candle getting out of Bollinger, if Stratis is very bullish it will continue the trend. Since it hit the top of Bollinger band, it should go down. The use of RSI confirm that it will go down, since it's overbought
About Elliot Wave, i can here the first wave with an impulse, retracement for wave 2 is usually 0,5 of Fib. However i can see that stratis is becoming bulish, i can see it retrace to 0,382.
About Bollinger, candle getting out of Bollinger, if Stratis is very bullish it will continue the trend. Since it hit the top of Bollinger band, it should go down. The use of RSI confirm that it will go down, since it's overbought
Note
Yo, this is still in place
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.