As tension builds up with China trade war, I expect some form a retracement from the current price to sucker in some longs and then another down wave to squeeze them out although I am already short from the London session as I don't see why people would buy this piece of junk but I don't exclude an upmove from short covering and speculators. I am still waiting for that flash crash event, but so far just a steady downtrend, but one can hope!
Trade active:
Shorting now
Comment:
Moving stop to break even, in case we see a wave 5 to take out the highs again.
Comment:
I just saw a shark pattern on 4 hour time frame mixed with 2 bullish candlesticks. Covering with a small profit.