As per previous analysis; target for short was met. Switched back to longs from 10,550 to 11,850. My average entry 10,587. Started this new analysis as I have modified the previous one slightly. Will now only continue to update this one.
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A final update for today. I will be looking to sell half my current position at 10,900-11,000 as I firmly believe we will whip saw back down to 10,500-10,550 from these levels before the actual move towards 11,850.
If we don't then, then I'm happy to take the lessened profits and let the other half of my position ride. But if we do indeed whip back down; I will have more buy orders ready to re-increase my position. Just something to be mindful of. If this occurs it will likely be lower than the existing low; thinking probably 10,525ish.