Short idea
RSI over sold, possible double top, fib ext 1.618 w previous rejection.
RSI over sold, possible double top, fib ext 1.618 w previous rejection.
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Whoopsie. Supposed to be AJ and a private monitoring idea. Ah wells :)
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Another way to look at this from an EW perspective by the books is if the 5th wave struggles to make a new high, rather than a strong impulse with RSI divergence.
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Or another perspective is an Alt AB=CD at fib ext 1.618. RSI div and a potential double top.
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If we use the information and knowledge together as a confluence... the trade makes more sense to take.