H&S near target w/ another possible short entry
Updated
Playing out nicely so far. Initial drop missed the target by about three hundred dollars. I have a short position open from 10900 that I have closed half at 9600. Left the other half rolling trying to reach the target. If we get another leg down that should definitely be achievable.
plan is to close out the short on a new short term high and look for rejection out of the 10400 area. A daily close above 9900 will bring me to be less cautious on the short side and switch to hunting a long.
plan is to close out the short on a new short term high and look for rejection out of the 10400 area. A daily close above 9900 will bring me to be less cautious on the short side and switch to hunting a long.
Note
Short was stoped out at 10200. 10400 got blasted right through and daily closed above 9840 so my bias has switched to long trades.
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