DISCLAIMER: Just got to Europe, so this plan is half-baked and is not backed up by the hours of TA I typically do, but I'm confident enough in this swing setup I thought it would still be useful to share. This is a modification of my previous/existing short setup.
31.8k is a high liquidity level consisting of a HTF .5 and MTF 1.13. In addition to the bearish divergences on the Weekly, I'm adding significant size onto my existing swing short at 31.8k. If the next Weekly close is still bearish, will definitely stay in short. If next Weekly close is neutral, will re-evaluate position, but will most likely still remain in short. TPs set for high liquidity levels:
TP1 - 27.2k
TP2 - 25.6k
TP3 - 23.7k
TP4 - 21.7k
Will re-evaluate position at 21k
31.8k is a high liquidity level consisting of a HTF .5 and MTF 1.13. In addition to the bearish divergences on the Weekly, I'm adding significant size onto my existing swing short at 31.8k. If the next Weekly close is still bearish, will definitely stay in short. If next Weekly close is neutral, will re-evaluate position, but will most likely still remain in short. TPs set for high liquidity levels:
TP1 - 27.2k
TP2 - 25.6k
TP3 - 23.7k
TP4 - 21.7k
Will re-evaluate position at 21k
Trade active:
31.85k tapped. Short ACTIVATED.
Trade active:
Gorgeous reaction after perfectly tapping 31.85k to the $. Change my TV handle to Precision-Princess?
