Short term traders or people with confidence that it is only a corrective wave can take a profit to secure the trade or at least lower the stop loss
Buyers should wait for a bottom to form, or use elliott wave theory to get a sense of when to buy back
Note : the target zone is a reference only, even if it is a strong possibility, but will probably take a long time.
We are at a good first profit taking zone
Letting the rest ride
There is still room for a lot of downward movement
Shorters should start being cautious in the short term.
Mid term, things are still looking grim for now
I expect long positions to get some profit, to secure the counter-trend trade, or unload some very long term positions on the bounce on the back of reckless shorters predicting the end of the world.
Great volatility overall
Profit has been taken on the way down gradually
Be careful of the new year's strong volatility
I'm keeping some to run for a potential stronger crash
This idea will probably be closed soon for a newer idea if we see a reversal early 2019