It's the 3rd touch point on the yellow trend line. I like the short cuz it pulled away from the trend and, in almost all green candles, worked its way to it. I used a little higher leverage to max out my short as the momentum was slow. I think it shall hit my target. It could pull deeper to .5 to 0.6.18 fib but will close in case the market gets bullish with the...
Idea of a short. working way to the neck line, breaking that can result in a lower price. Entering on pull back to neckline!
this is the pattern 3 hills and a mountain idea bringing a higher target!