I have exited my last scalp, now I am looking for a re-entry and a drop down to 57800 range, based on FIB levels.
I will wait for the following confirmations before I re-enter
1. 1 Hour RSI near oversold
2. Bullish Divergence on RSI
3. DOJI candle near bottom, or trend reversal on 1 hour
If we bounce of the FIB level I think we will smash ATH within 12 hours.
If we break down further, I will wait for confirmations.
if we slowly trend up I will short on bearish divergence of RSI after double top.
I will wait for the following confirmations before I re-enter
1. 1 Hour RSI near oversold
2. Bullish Divergence on RSI
3. DOJI candle near bottom, or trend reversal on 1 hour
If we bounce of the FIB level I think we will smash ATH within 12 hours.
If we break down further, I will wait for confirmations.
if we slowly trend up I will short on bearish divergence of RSI after double top.