last time we reached this area i already posted an idea (link below) that worked out. now we retested this area once again.
i didnt go short right away since an extention beyond the white box couldve also been likly - in an abc type fashion - but now that we formed a doubletop im onboard looking for shorts. first scenario would be seeling some sort of neckline retest of the neckline. RRR on this trade is pretty good with rather safe 2.5 : 1 for a retest of the dashed line
i didnt go short right away since an extention beyond the white box couldve also been likly - in an abc type fashion - but now that we formed a doubletop im onboard looking for shorts. first scenario would be seeling some sort of neckline retest of the neckline. RRR on this trade is pretty good with rather safe 2.5 : 1 for a retest of the dashed line
Comment:
scenario unfolded like preplanned so im short now.
Comment:
made a new low so stops above the "right shoulder". risk halfed
