A lot of people are saying the bottom is in, but I disagree. I think we have yet to reach it. 5500 is the bottom for me and will probably take 1-2 weeks to get there. We'll see how this play out.
I have also entered in a small short position to hit the bottom of the green wedge.
Entry: 7480
Target: 7050
SL: 7910
I have also entered in a small short position to hit the bottom of the green wedge.
Entry: 7480
Target: 7050
SL: 7910
Trade closed: target reached:
Target reached.
Was expecting a longer trap at the top breaking the purple line. As it hasn't done that, I'm now waiting a bit to see what happens.
Was expecting a longer trap at the top breaking the purple line. As it hasn't done that, I'm now waiting a bit to see what happens.
Comment:
Actually this trade setup is now void. Seems we could be heading down to 5500 ALOT sooner than planned. In fact we're already on the way it seems. Will post a new chart soon.
Comment:
