Obviously we cannot reach the double top again but don't have momentum to correct downward. We are sticking in a trading range supported by an open window since May 3rd.
But as the way up we have gone since January is so long I cannot imagine that the market cam become clean by a sideward trading only. May be we may stick in the range for some more days but finally the tension will unload.
As soon as there is a clear signal I will increase the short position.
But as the way up we have gone since January is so long I cannot imagine that the market cam become clean by a sideward trading only. May be we may stick in the range for some more days but finally the tension will unload.
As soon as there is a clear signal I will increase the short position.
Trade closed: stop reached