- Trading System = Discretionary using FIB and Pitchfork
- Side = Short/Sell
- Position = Closed
- Volume = All
- Order type = Exit
- TP = Fib Proj. 0.618, 1, 1.618
- Problem & Anomaly = After the volatility peak at the previous highest high. Price has been climbing with exhaustion.
- Trader Emotion = Neutral
- Mistake & Error = Non
- Remark = Using a red downward slope median line to add short positions if the price has reached the 0.618 percent Fibonacci level.
- Ideas = This is a classic play shorting at the lower high to expect a lower low. Let's see how the price folds out.
Trade closed: stop reached:
Dead wrong. The next step is to reverse into a long position.