education part 2
Updated
what's next?
hidden bullish divs on macd and rsi
volume is not that good on the bounce tho, but if price keeps rising, could mean volume coming in slowly.
green trendline held support at .27
next support at .26
could be corrective move of market wide bear move towards market bottom (long-term swing).
fib retracement to indicate bounce/reversal areas; on those locations new shorts can be opened to continue bear move.
Also made possible elliot wave abc corrective move; who knows if this is correct?
hidden bullish divs on macd and rsi
volume is not that good on the bounce tho, but if price keeps rising, could mean volume coming in slowly.
green trendline held support at .27
next support at .26
could be corrective move of market wide bear move towards market bottom (long-term swing).
fib retracement to indicate bounce/reversal areas; on those locations new shorts can be opened to continue bear move.
Also made possible elliot wave abc corrective move; who knows if this is correct?
Note
following perfectly. Only idea is if we will go down more (abc) or we move up more towards topTrade active
little bouncy but still followingNote
I'm short from .295Note
price moved higher then I expected in abc.Failing to break .275 would have been the sign that my pattern was not correct in first sight.
Now this looks more like a retest of upper channel.
I will slowly move out of my short trade which is in loss where I can.
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