Price failed to breach 3643.34 resistance level; RSI showing overbought; we've deviated a fair amount from our trend line.
I would wait for a breach of the trend line @ .786 Fib level before placing short trades. If not, and we see a price reversal signal at .786, we'll go long again.
If short: Take profit at .618, Stop Loss above 3555.60
I would wait for a breach of the trend line @ .786 Fib level before placing short trades. If not, and we see a price reversal signal at .786, we'll go long again.
If short: Take profit at .618, Stop Loss above 3555.60