My Gameplan for the 37% sell off for Shorting and Adding
This post is for my own personal recollection of how I want to short this upcoming downtrend. I won't be able to remember the exact details 2 years from now.
I want to short it down to the rising monthly 200sma and the 50% fib level from the Covid crash's high/low AND the head's high/low 1.25x range. Price level 24,000
I want to short with the fat portion of my position at the August-October high at the 0.85/right shoulder pullback. I am not sure the timeline just estimations.
I want to add on each lower high for a total of 4 positions.
I already have one position on at the close of the weekly doji from last week at 38,749
I want to short it down to the rising monthly 200sma and the 50% fib level from the Covid crash's high/low AND the head's high/low 1.25x range. Price level 24,000
I want to short with the fat portion of my position at the August-October high at the 0.85/right shoulder pullback. I am not sure the timeline just estimations.
I want to add on each lower high for a total of 4 positions.
I already have one position on at the close of the weekly doji from last week at 38,749
Comment:
My ideal adds
Comment:
Something like this as well with a falling wedge pattern
