Looking for short entries on 15/30min timesframes.
Daily timeframe is due for a pullback, with the current high failing to clear previous high, painting a hidden divergence with a fib continuation pattern.
I'm hoping I'm wrong, but Initial analysis suggests 5500 is a possible downtrend target. The strategy is to find a good short entry, that allows me to hedge on the way down.
Alternatively, there is a possibility of a bounce at 7380-7500 region.
Trade active
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In short from 8114 on September futs, stop is in profit and below entry. Going out for a bit - don't mind if I'm stopped out, don't mind if it dumps.
Trade closed manually
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Stopping out in profit, hoping to readd on the move up.
Trade active
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Missed to mark it here, entered at the previous sell signal on OneX Scalping Indicator
Looking for this fib formation
Comment
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P.s. I did see the HnS on 4hr+ charts.
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Situation has changed. Staying out for now, putting up a new update.