Just waiting on the sidelines

Play: Short
Early sign of Divergence, wait for trend reversal
Confirm, first Bear Candle (D/W), Entry on signal

Stop: Above ATH
Target: 150-130

Comment:

Showing REAL Bear Candle today, let's see till end of day

Looks like market exhaustion on the RSI. Due of correction.

Looking to close that gap on the short term.

Wait for more confirmation

Comment:

Perfectly predicted once it showed weakness. This will definitely go lower.

DO NOT CATCH A FALLING KNIFE.

Wait for the dust to settle down for consolidation if you wan't to go in for LONG.

Comment:

Don't expect this to miraculously shoot upwards in a day.

Looks like the 50MA is a good support level. then I'll consider re-entering.

Trade closed: target reached:

Hit 130

Told ya so.

Now we look for getting in to the long side. But be aware of the gap underneath.

It did hit 122 ish so yeah... looking for a good entry with good r/r sub 120-112.

Will release another analysis on the long side