Diamond Top Reversal within Larger Bullish Fractal

٨ أغسطس ٢٠١٩

Diamond Top Reversal creates our retest of bullish triangle support; before final leg up to 13,500. My entry for short as per my previous analysis is just over 11,900 for this short (I scalped between 11,800 and 12K levels for a few days). Target is 10,800ish before switching back to longs.

٩ أغسطس ٢٠١٩

ملاحظة

Same principal, however lines were off.

١٠ أغسطس ٢٠١٩

ملاحظة

١٠ أغسطس ٢٠١٩

ملاحظة

If this breaks to the downside we could be looking at the 55 EMA as our target to switch back to longs. This is based off a smaller timeframe fractal.

١٠ أغسطس ٢٠١٩

ملاحظة

Boom, it has begun:

١٠ أغسطس ٢٠١٩

أغلقت الصفقة: تم الوصول للهدف

Have closed my shorts at 11,250; quite often these diamond reversal patterns have a path similar to the green line I have roughly drawn in the below screen shot. I have thus switched to longs from 11,250 with stops below 11,100. I will try and long back to around 11,700, before shorting again. My personal target it met, so closing this as such even though I believe we will ultimately go as low as 10,800.

١٣ أغسطس ٢٠١٩

أغلقت الصفقة: تم الوصول للهدف

Switching to longs.

١٣ أغسطس ٢٠١٩

ملاحظة

Went deeper to my original target; definitely long now.

١٣ أغسطس ٢٠١٩

أغلقت الصفقة: تم الوصول للهدف