So now we must play this new field, which is actually not looking bad. As we can see there is a flat bottom flag, which in my experience is always indicative of a down trend/slide in price. I am going to continue holding my short position unless there is a CLEAR breakout from the down trending channel denoted in blue.
Hopefully all goes to plan and we can sing our whaling tune:
We're whalers on the moon,
We carry a harpoon.
But there ain't no whales
So we tell tall tales
And sing our whaling tune!
Stay frosty people, its gettin' wild.
Going to keep holding until we see a reversal in the decline. Hopefully in a day or 2 here we should be at the target. Already up on some good profit so to me the rest is just gravy.
Hope some of you were able to make some GAINZZZ off this one!
Appears to be an uptrend forming so stay on the lookout!