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 just my private idea, buggering about and starting trading, do not trade of it ;)
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 just my private idea, buggering about and starting trading, do not trade of it ;)