Short term upwards trend line has been broken. Short term downwards trend is likely to continue. Major support is likely to pick up around $270-$280. If downwards trend is broken, a good place to short will be around the $298-$300 mark and rebuy still at $270-$280. Good luck
Comment:
Shorting opportunity is lining up for $298-$300, with a stop at $305 for a rebuy. Optimal re-entry point is still around the $270-$280 mark
Trade closed: stop reached:
didnt play out the way I imagined, lost a bit of money, but thats the beauty of trading, you win some, you lose some. hopefully next time it will be a win.