Here we have the 4H with my previous overlay (using the fractal from April '21 highs). So far it has structurally played out very nicely. I do foresee one more pop to the upside around $1.25/$1.26 and then heavy downward pressure until sub $1.00. On the 15M chart you can see the trend line that we would need to break to invalidate my $1.26 short entry, but I would much rather the price just clear through it all, invalidate my idea, and I take a small loss as I re-enter above $1.36. I hope we can all go to the moon, but I've learned my lessons over the last 4 years, and can see these move very easily playing out. Currently the Fear & Greed Index is still sitting at 'Greed' and until it turns to fear, I'll remain bearish in the near term. Ultimately we go up! Happy scalping!
-Cheers!
This is not financial advice, nor am I a financial advisor.
Do your own research and/or consult a financial advisor for financial advise.
-Cheers!
This is not financial advice, nor am I a financial advisor.
Do your own research and/or consult a financial advisor for financial advise.