What makes this textbook?
You can average your shorts in now with a stop above the first peak. However, waiting for the support (bearflag) to break downward VIOLENTLY is the confirmation. The (first) drop will be equidistant from the support break to the peak, subtracted from the support break. Short to 132, then possibly to 124.
See the links below for a longer-term outlook. I don't usually post 1hour (short term) but this one is really shaping up (literally.)
You're Welcome!
- Volume decreasing during up trend
- Volume consolidation decreasing from peak to peak
- Though is dragging (even falling below)
- second peak with low volume (three timex denied)
You can average your shorts in now with a stop above the first peak. However, waiting for the support (bearflag) to break downward VIOLENTLY is the confirmation. The (first) drop will be equidistant from the support break to the peak, subtracted from the support break. Short to 132, then possibly to 124.
See the links below for a longer-term outlook. I don't usually post 1hour (short term) but this one is really shaping up (literally.)
You're Welcome!
