I have posted this chart, as it gave me during last months some great shorting opportunities and wanted to make an update of next to come, especially for swing trading entries. All in all, the downtrend will still continue and without any doubt this does not look as a reversal, you will have good chances to buy it even cheaper in the next period to come, so it is strongly adivisable to avoid panic buying if it spikes instantly.
Best regards and good luck in trading!
On daily, we are chopping at a fib level:
All in all, the swing up to around 350 to test the downtrend looks still solid. Cheers!
Hope all is well with you today, Sir. I'm doing fine here. I've been up all night. Other than that, I'm still kicking. I'm used to staying up all night from playing Texas No Limit Hold'em.
I'm curious... When you say, "down this channel," could you clarify? Maybe with a 6 hour or even a 12 hour chart? Or you choose which chart you think is best to clarify the channel you are referring to?
I took a nap for 1.5 hours. I will be taking another nap shortly for about 3 hours. I have my alarms set and volume up as loud as it will go... lol.
Thanks again for the reply, Sir. I understand what you mean by "watching zone." Hence, the alarms set. Thanks for publishing the channel soon. You have me interested about what you have going on. I really look forward to watching it.
I understand about being busy. I have lots going on myself. Busy doing corporate taxes right now. I'll probably have them finished by the end of February to give to my accountant. They aren't due until March 15th. Personal taxes due on April 15th.
Well, I'm going to try to get a bit more shut eye before continuing on taxes.
Best regards, sir!