After a nice long position, time to switch to short, unless idea is invalidated.
Shorted 42100 - the prev week open - T1 = 40.7, T2 = 39.7. Will let a small procent to run until 37k, where I think big bounce will come (HTF trendline).
Of course idea is invalidated with a 4 hrs close above prev week open, which is still possible considering the short squeeze we seen 2 days already. In that case, will switch to long after retest of prev week open (42175)
Shorted 42100 - the prev week open - T1 = 40.7, T2 = 39.7. Will let a small procent to run until 37k, where I think big bounce will come (HTF trendline).
Of course idea is invalidated with a 4 hrs close above prev week open, which is still possible considering the short squeeze we seen 2 days already. In that case, will switch to long after retest of prev week open (42175)
Trade active
first rebound on Monday high, watching the action at 41.4 - 41.6 area, would need a rejection hereNote
Trade active
if it finds support in the 41.4-41.6 area, is possible to rise to 42.3 areaTrade closed: stop reached
reversed, more upside expecting, possible 43.2
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.