I have exited my last scalp, now I am looking for a re-entry and a drop down to 57800 range, based on FIB levels.
I will wait for the following confirmations before I re-enter
1. 1 Hour RSI near oversold
2. Bullish Divergence on RSI
3. DOJI candle near bottom, or trend reversal on 1 hour
If we bounce of the FIB level I think we will smash ATH within 12 hours.
If we break down further, I will wait for confirmations.
if we slowly trend up I will short on bearish divergence of RSI after double top.
I will wait for the following confirmations before I re-enter
1. 1 Hour RSI near oversold
2. Bullish Divergence on RSI
3. DOJI candle near bottom, or trend reversal on 1 hour
If we bounce of the FIB level I think we will smash ATH within 12 hours.
If we break down further, I will wait for confirmations.
if we slowly trend up I will short on bearish divergence of RSI after double top.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.