Entry when daily rsi breaks trend line support. Reasons for short: - possible double top formation - bearish divergenge on rsi and macd - major trend is down - failed to break previous high - less volume than previous top Target = multiple fib levels conjunctions + app’s from previous corrections. Time target optional, made from time fib projectIons. — This is...
Weekly RSI = oversold and in bounce territory. Price touched fib .786 level, support of last resort. Fib time projections project near term bounce. This is just my private idea, buggering about and starting trading, do not trade of it ;)