good evening ~
talked about this luna short setup in one of my recent videos
totally forgot about it until i scanned through my list today.
so i think luna completed a larger 5 wave impulse, and played out a nearly perfect ending diagonal.
upon breaking down from the ending diagonal, it saw the initial 5 waves down, followed by a clean 3 waves up.
this 3 waves up is either a wave b or a wave 2.
shorting this here as a hedge against the few longs that i'm still holding.
my conservative target is at $40 for this swing, not really interested in it after that.
talked about this luna short setup in one of my recent videos
totally forgot about it until i scanned through my list today.
so i think luna completed a larger 5 wave impulse, and played out a nearly perfect ending diagonal.
upon breaking down from the ending diagonal, it saw the initial 5 waves down, followed by a clean 3 waves up.
this 3 waves up is either a wave b or a wave 2.
shorting this here as a hedge against the few longs that i'm still holding.
my conservative target is at $40 for this swing, not really interested in it after that.
Trade closed manually:
might have 1 more leg to go- covering my position here for +15% just to be safe.