The AM Wave Indicator has been Neutral on the short term. The Med and Long Term are both negative. After bouncing down off the resistance zone we taking short trades on ETH. Our entry was at 819, however we are very close to support so we will monitor this trade carefully.
Trade closed: stop reached:
As we came close to support around 785 we trailed our position very tightly. We exited at 795 with a 3% profit.