Possible short on failed re-test of the high.
A new high and divergence in the RSI would be an attractive short
With 5th wave being an extension, price is likely to decline to the 50% retracement of the impulse move which is also the price territory of wave 2 of 5 of the impulse leg.
A new high and divergence in the RSI would be an attractive short
With 5th wave being an extension, price is likely to decline to the 50% retracement of the impulse move which is also the price territory of wave 2 of 5 of the impulse leg.
