New guy in the room. Hope everyone made some $$ off that last move down.
I think this might be the bottom before a fairly large retracement:
- I got some info from someone who's good with Elliot Waves and he predicted this as the bottom of major wave 5.
- RSI & Stoc are at their Oct. lows
- Price action is putting in HH & HL up to 30 min. and getting close on 1 H.
I'm going long when hourly price action confirms it, with fibo levels for the 1.4866 - 1.3153 move as targets.Ignored
Based on what you said, that puts your first fib (23.6) at about 1.3558. That's bold. How many days do you think that will take?
Up or down, gimme a ticket