It appears we are finishing up 5 waves up ending in 5th wave diagonal.
MACD Is bearishly diverging
RSI is showing a large loss of strength, signaling we have reached the current top.
Volume is diminishing.
Entered short at .00755, Targeting .382 fib retracement
MACD Is bearishly diverging
RSI is showing a large loss of strength, signaling we have reached the current top.
Volume is diminishing.
Entered short at .00755, Targeting .382 fib retracement
Trade closed: target reached:
Count was slightly off and we got the real 5th wave up, added more to short position at .0007854. Closed position at .000716 for about a 7% gain.