3hr RSI is way oversold here with fibonacci confluence at the current range. we have 5 technical waves up with an ABC correction coming. How low will it go? nobody knows, we need more data but its a shorting opportunity to the .236 and .382 fibonacci retracement levels. its unlikely to keep climbing too much further. time to scale in those shorts here. zoom in to the 15min chart to time the exact top. the 5min and 15 min rsi and macd divergence will reveal the exact top here.
good luck and happy trading
thanks
Rigo
good luck and happy trading
thanks
Rigo