Bearish AB=CD with Complex RSI

٤ أغسطس ٢٠١٧

After a large spike up, price has stalled at a Bearish AB=CD, while forming a complex RSI structure. After coming down from the overbought extreme I have shorted at the indicated level

٤ أغسطس ٢٠١٧

ملاحظة

Stops moved to break even

٤ أغسطس ٢٠١٧

ملاحظة

First target was taken a bit short after price has seen some stalling at the B point structure support, after a series of disappointing trades I rather take a little less profit rather than risk losing it all and making the week even more disappointing. Keeping my mental health I check.

٤ أغسطس ٢٠١٧

ملاحظة

Second half stopped out at 50% retrace for a small profit