Small position. Risk small amount
Stop can be at the red bar high. I am giving myself some room.
Looking for move down. tight stop
Looking for a minor bounce here.
Testing this out
Short
Short term bearish. Long term Bullish
Should find strong support at the .618 Retrace
Looking for a decent bounce off this level.
Waiting to see if this can make a move back up to a .618 retrace before continuing its long term downtrend.
Should find some short term support before breaking down. Short tern bullish. Long term Bearish
Favor downside