The sentiment is down in most of the world. US has taken a bigger hit than Europe, but I think Europe will follow at their own pace. We are approaching trend line from ATH that also created the double top around New Year. I have 2 attempts for shorting this:
1) Sell limit when price reaches 14150 on the way up (price now 13950) looking for reversal.
Entry: 141450
SL: 14400
TP: 13288 (previous low and also the low since March '22)
2) If I get stopped out I will wait for price to move down and catch it on the way down. Entry and SL will be decided later.
Entry: TBD
SL: TBD
TP: 13288 (previous low and also the low since March '22)
1) Sell limit when price reaches 14150 on the way up (price now 13950) looking for reversal.
Entry: 141450
SL: 14400
TP: 13288 (previous low and also the low since March '22)
2) If I get stopped out I will wait for price to move down and catch it on the way down. Entry and SL will be decided later.
Entry: TBD
SL: TBD
TP: 13288 (previous low and also the low since March '22)
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Disclaimer
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.