APS - dead cat bounce. Fibo retracement. Rsi overbought oversold

🫠fibo retracement 0.382
🫠rsi 38
🤔 🐈🐈‍⬛ dead cat bounce.

🐈If, after a sharp decline,
the asset's price
recovers to one of the three Fibonacci Retracement levels of 38.2, 50.0 and 61.8
and
at these three Fibo levels,
the RSI or the Stochastic
signals an Overbought signal,
then it is likely to be the maximum height.
of a dead cat bounce.

Determine the DEFENSE of a dead cat's bounce

🐈 To determine the Depth after the cat bounces and falls,
You can use the old bottom,
or the Fibonacci Extension levels
127.2%, 141.4% and 161.8%.

If when falling
to the old bottom
but the RSI is not Oversold,
the high probability of the depth
will be Fibo Extension 127.2%