15min rsi divergence @ 6800 Resistance

2018년 9월 28일

Easy 2% Scalp at 6800. 15 min rsi divergence in overbought conditions on the 3rd wave in my count. Minimum retracement Down to .382 fib @ 6650 then back up to 6950-7000 range where i expect another rsi divergence on a higher time frame. Most likely the hourly. That would complete the 5 waves with a high time frame divergence to signal another short scalp opportunity over 3%.

2018년 9월 28일

노트

looks like i was a bit early. We ended up pushing for the 6800 break to 6822 and got rejected for the bull trap. First Target is still .382 at around 6665.

2018년 9월 28일

거래청산: 타겟 닿음

Took profits at 6650 on the way down, Bears tried to push down past 6600 to 5888 and got a similar rejection to the one we saw at 6822.

Still expecting a steady incline and a break to the upside from these fib levels as long as the 55 ema holds. IF that fails to hold it would invalidate my wave count.

I am now long from 6650 for another 2.5% scalp, hard stop at 6599. I always believe that if you're a seller you should also be a buyer ;). First target is 5850 right at our massive descending trend line and what could potentially be a double top sending us down to retest our ascending trend line at 6325.

2018년 9월 28일

노트

First target is 6850 not 5850 lol, my bad.

2018년 9월 28일

거래청산: 스탑 닿음

Wave 3 looks to be invalidated, exiting. Hope some of you were able to capitalize on the original play :) happy trading.

2018년 9월 28일

노트

My new count is this whole structure is a wave 1 and what i thought was wave 3 was the ending 5th sub wave. In this count we have possibly already completed what looks to be an abc correction and are currently in sub wave 2 of the larger wave 3. That would give us a Massive target for wave 3 between 7400-7500. I will be buying on a break above 6850.