Hello Traders,
I'm looking to be short pretty soon. The situation is that we have all signals and structure to expect this to go down. I will attach daily chart to this idea to show the main reason why I think it will go down. As usually divergence and oversold RSI are only confirmation to watch for the move down. I need price to make couple more confirmation moves before I get involved. We also happen to have butterfly on the daily time frame. Lets get some great profit here =) However as good as it sounds don't jump the gun (i usually tell this myself as well ;-)))
I'm looking to be short pretty soon. The situation is that we have all signals and structure to expect this to go down. I will attach daily chart to this idea to show the main reason why I think it will go down. As usually divergence and oversold RSI are only confirmation to watch for the move down. I need price to make couple more confirmation moves before I get involved. We also happen to have butterfly on the daily time frame. Lets get some great profit here =) However as good as it sounds don't jump the gun (i usually tell this myself as well ;-)))
Komen:
Komen:
Komen:
Looks like we are going down now =) Double rejection.
Komen:
Komen:
Looks like now it's making a flag to go up. Keep watching this one
Komen:
The drop expected soon =)
Komen:
Important level, if brakes down we can expect more move down. Move your stops, nice profit for now