I think this is a nice possible short to at least ~1275, the take profit levels are based on the golden pocket fib level as I have explained on chart and I can see the price going there. But, my first take profit will be ~1275, because I think there can be a bounce there. I think stop loss needs to be tight here since it's based on double top.
Notes:
The path I have drawn is only the direction and I have not strictly considered support/resistance levels while drawing it.
This is just a possible scenario I'm seeing, thank you for reading, I would love to see any kind of feedback.
I like my charts clean and I don't like bright/flashy colors so I use colors that I feel most comfortable with, especially with my monitor. If I use bright colors it burns my eyes.
I'm also a fairly new trader and got a lot to learn.
Notes:
The path I have drawn is only the direction and I have not strictly considered support/resistance levels while drawing it.
This is just a possible scenario I'm seeing, thank you for reading, I would love to see any kind of feedback.
I like my charts clean and I don't like bright/flashy colors so I use colors that I feel most comfortable with, especially with my monitor. If I use bright colors it burns my eyes.
I'm also a fairly new trader and got a lot to learn.