My previous prediction wave 5 long is completed.I guess i was lucky :) So what's next?
Suggestion: short Reasons: 1. It hits local uptrend resistance line. 2. It hits global downtrend resistance line. 3. Exactly lay on the fib 0.786 plus RSI is pretty high.
So i think it may go down and break the local uptrend first, then retest the lower high. I hold my long position with tight stop loss in 15mins time frame. But for safety we need to see a clear break point to enter short position.
Please comment and share. Thank you for your time.
Alex Wang
Comment
It looks like just as i planed :) I will step in short position with fib 0.618 bounce back in 1H time frame. let's say around 9000 and good luck :)
Trade active
9000 hit. Open short position.
Stop loss 9100 1st target point 8000 Risk/Reward ratio 9.8
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