Hi there.
My previous prediction wave 5 long is completed.I guess i was lucky :)
So what's next?
Suggestion: short
Reasons:
1. It hits local uptrend resistance line.
2. It hits global downtrend resistance line.
3. Exactly lay on the fib 0.786 plus RSI is pretty high.
So i think it may go down and break the local uptrend first, then retest the lower high.
I hold my long position with tight stop loss in 15mins time frame.
But for safety we need to see a clear break point to enter short position.
Please comment and share.
Thank you for your time.
Alex Wang