Timing is way more important than price target. If you enter and exit at the right time you will have best results with your trading.
Short at $57,500 or above
Target 1: $43,800
Target 2: $41,500 (Target date: March 8)
Posting another reversion to the mean chart similar to the related chart attached to this idea I posted in December 2017.
This time is not going to be that severe as this is just a correction a long term bull market and not a start of a new bear market.
Be careful out there and manage risk and preserve capital.
Failure to break trough resistance of $19,400-$19,600 is bringing another correction which is still within the daily range we have been for some time.
A break bellow $18,200 will bring a bigger correction and a reversal to the mean on weekly.
Any of these level can act as a reversal and continuation of the bull market trend.