retrace short 003
replaced last 003 idea. it was wrong, but keeping the bias after some more TA
Last wave looks like a 5 with the huge profit take a triple top and trend break. so lining up a short around the green box on trend retest.
wave 3-4 retracements are tricky especially when the current trend is a retracement itself they can often be quite short. I expect alts to stay quite high here might be best to short BTC and target only a little lower than last low.
overall bias still up but could change
Last wave looks like a 5 with the huge profit take a triple top and trend break. so lining up a short around the green box on trend retest.
wave 3-4 retracements are tricky especially when the current trend is a retracement itself they can often be quite short. I expect alts to stay quite high here might be best to short BTC and target only a little lower than last low.
overall bias still up but could change
Note
trade will be invalid if trend is re-enteredOrder cancelled
trend retest looks done in short TF even though we got nowhere near it
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