This may look like a very technical trade:
If impulse wave 5 completes I am looking to short here is why:
1.If price completes the impulse wave we probably would see RSI divergence
2.longer down trend with retracement my target is set to minimal because it might ecould only form a double top
3.At our entry there could be an indication of trend shift to the downside because of the fib time extension
4.stops set above resistance line because we know when it gets there the idea is wrong
If impulse wave 5 completes I am looking to short here is why:
1.If price completes the impulse wave we probably would see RSI divergence
2.longer down trend with retracement my target is set to minimal because it might ecould only form a double top
3.At our entry there could be an indication of trend shift to the downside because of the fib time extension
4.stops set above resistance line because we know when it gets there the idea is wrong