Still short from $54, have not sold or added to my position at all.
Blue line: $52 transition line, this line needs to be broken strong for us to head lower imo.
Red trend-lines: We've see an increase in prices, with declining RSI. This is a bear divergence.(whether or not it will play it is another story, yet I believe it will)
Orange line: This was a bull RSI trend-line witch has been broken as of late, and the RSI is beginning to look very bearish to me.
The flags are areas in which I am predicting that the RSI and price will hit. I am not adding or selling any of my position for the near future (obviously unless my SL at BE gets hit).
I will be expecting slight bounces based on some BS news from the middle east, or if we hit any support areas on the way down, however I will not be scared into selling something that easily looks bearish in my eyes.
Blue line: $52 transition line, this line needs to be broken strong for us to head lower imo.
Red trend-lines: We've see an increase in prices, with declining RSI. This is a bear divergence.(whether or not it will play it is another story, yet I believe it will)
Orange line: This was a bull RSI trend-line witch has been broken as of late, and the RSI is beginning to look very bearish to me.
The flags are areas in which I am predicting that the RSI and price will hit. I am not adding or selling any of my position for the near future (obviously unless my SL at BE gets hit).
I will be expecting slight bounces based on some BS news from the middle east, or if we hit any support areas on the way down, however I will not be scared into selling something that easily looks bearish in my eyes.
Trade closed manually:
I will be closing my position at open to relocate capital to better opportunities.
Doesn't look like this thing is moving.
Doesn't look like this thing is moving.
Trade active:
Scratch that, I ain't selling. Moved SL to BE.
Roll with me, daddy needs some play money.
Roll with me, daddy needs some play money.
Still short without any additions to my position.