WAVES slowing down
Looks like the winds are changing. I caught a small initial short but got stopped out overnight when the first dump retraced, stop was set in a profit range so not the end of the world.
Currently looks like we're retesting the 31.6 S/R. New lows below the short dotted white line would be my confirmation that this run is over. Would love to see the RSI bounce off of .5 again as well.
If the top is in and we see a .382-.5 retracement, target prices could be 24-21. Pretty good short potential with a stop-loss at current 31.6 S/R, gives an R of 4.31 which could be adjusted to be much bigger if this thing manages to truly fall off a cliff for an even bigger retracement.
Currently looks like we're retesting the 31.6 S/R. New lows below the short dotted white line would be my confirmation that this run is over. Would love to see the RSI bounce off of .5 again as well.
If the top is in and we see a .382-.5 retracement, target prices could be 24-21. Pretty good short potential with a stop-loss at current 31.6 S/R, gives an R of 4.31 which could be adjusted to be much bigger if this thing manages to truly fall off a cliff for an even bigger retracement.
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