I opened my first short after the price return to 4360 after the price broke the yellow trend line now I think it will be reasonable to increase my position size after the price will return and touch the blue trend line or the price will break down the small yellow symmetrical triangle.
the price should reach 3800- 3900$ by finishing the ABC correction (i based it on wave A=wave C tendency) touch the green trend line or 3798 (support line place to close short)
Then we should see trend continuation or only a flag of a new bearish market.
the price should reach 3800- 3900$ by finishing the ABC correction (i based it on wave A=wave C tendency) touch the green trend line or 3798 (support line place to close short)
Then we should see trend continuation or only a flag of a new bearish market.
Trade active:
increase short position size stop loss at 4200
Trade closed: stop reached:
stop loss activated strong up trend possibility, change position to long