Why short *blue scenario*:
- - long time there was no correction
]*]- RSI(7) twice over 80
Why long *green scenario*:
- - looks like correction ended and now we returned to the trend
Notice - blue scenario would create kind of inverted SHS :)
Also now price is on .618 of correction wave (on D1)
There is also *pink scenario*:
- - return to the downtrend channel -- strong signal for shorts
What do you think? - - return to the downtrend channel -- strong signal for shorts