- IF it closes below 159, I expect downtrend to start and accelerate below 150.
- Confirmation is needed, but if the overall market weakness continues, or if the relief rally pushes up to ATH, this would be a good value on the short side.
Trade active:
Another path for breakout to ATH would be pullback at 180 maybe around 160 and push higher from there. No position yet, just watching
Trade closed: stop reached:
ran my stop and just realized that weekly chart shows more strength...not ready to go long yet, but will watch for a flip to long side after better set up emerges. still favor pullback from double top to build above 170.
