The bear is bouncing this weekend.
Targeting c. $3750-3900 partially due to a bounce from the retest around the 3500/600 support level and further compounded by high st traders closing their shorts on Friday.
There is still huge mac-d divergence which needs resolving and potential H&S formation to complete on lower and higher time frames.
Looking to refull shorts at that level A break of 4100 would be bullish and invalidate this trend.
Targeting c. $3750-3900 partially due to a bounce from the retest around the 3500/600 support level and further compounded by high st traders closing their shorts on Friday.
There is still huge mac-d divergence which needs resolving and potential H&S formation to complete on lower and higher time frames.
Looking to refull shorts at that level A break of 4100 would be bullish and invalidate this trend.
Trade active:
Comment:
there may be another opportunity to short at 3850.
Trade closed: stop reached:
Closed at 3950
Posting new idea. this bear is about to be squeezed.
Posting new idea. this bear is about to be squeezed.
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