To be clear nothing is certain when it comes to trading but my bias is . If that changes I will adjust but to count the move from 26 we need an acceleration. Until that moment it has to be corrective although the move is strong.
Once the market is convinced a certain instrument is going in one direction it becomes very interesting for me to start looking for opportunities. Often in the other direction.
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updates will follow
Updates will follow.
I'm already short with full position size around 51.10 with a stop loss around 51.60. Stop will be move at breakeven at the end of week if a top is taking place. 1st target is around 44$. 2nd target is at 40$.
@Tim : what would be your suggested targets?