The price movement seems to be going as expected (see related ideas), And we hit on a good short opportunity. By now it would be good to be taking some profits from that short And selling off the position in my opinion, and wait for a long opportunity at the point that the RSI touches the bottom of this symmetrical triangle forming on the weekly timeframe for sometime now.
I must say that since I have been having some interest in these posts, these are all my own personal opinions about the market movement. I hope you enjoy the analysis, but it should not be taken as advice or guidance when choosing what positions you take in the market.
Let me know what you think!
I must say that since I have been having some interest in these posts, these are all my own personal opinions about the market movement. I hope you enjoy the analysis, but it should not be taken as advice or guidance when choosing what positions you take in the market.
Let me know what you think!
