Looks like the Bart dump out stopped out a lot of bulls which means it will probably be harder for price to get up as far as I was thinking.
I'm moving my region of interest to start shorting back to where I first projected it previously. The lower region is mainly a fib projection of the current bart.
This bart hasn't finished so it may expand lower which would change the fib projection.
I am not even going to attempt to predict the path it will take to get up to the shorting zone. It will probably be a tortuous path of barts and widening patterns.
All that matters is that it get outside the range to produce some kind of good RRR.
As long as it's stuck in this range any trade is probably throwing away money because it's very hard to define your risk with any degree of certainty.
I'm moving my region of interest to start shorting back to where I first projected it previously. The lower region is mainly a fib projection of the current bart.
This bart hasn't finished so it may expand lower which would change the fib projection.
I am not even going to attempt to predict the path it will take to get up to the shorting zone. It will probably be a tortuous path of barts and widening patterns.
All that matters is that it get outside the range to produce some kind of good RRR.
As long as it's stuck in this range any trade is probably throwing away money because it's very hard to define your risk with any degree of certainty.
