Good Morning, I'll try to make it simple this morning!
-First, we can see that we would have completed our 5 wave at 0.618 extension, we can see that the RSI and the STOCH on the daily we are in a big overbought zone
-The plan ? : A possible retracement at our 4.68 so I went into position at the 0.618 extension, with a short for the retracement.
- I would take our retracement from 0.618 to the level of 4.68-4.8
There is nothing else to add. We must keep in mind that we have just made our 5th wave and a retracement is necessary
-First, we can see that we would have completed our 5 wave at 0.618 extension, we can see that the RSI and the STOCH on the daily we are in a big overbought zone
-The plan ? : A possible retracement at our 4.68 so I went into position at the 0.618 extension, with a short for the retracement.
- I would take our retracement from 0.618 to the level of 4.68-4.8
There is nothing else to add. We must keep in mind that we have just made our 5th wave and a retracement is necessary