This looks like the top is in before the 37% sell off
To me it looks like Friday was the top. Monday sold aggressively down, followed by Tuesday a consolidation near the base/lows and a pullback to the 50% mark.
This up channel is looking to break soon. I have market two green lines.
The first one is the entry short using the daily timeframe. If price eliminates this green daily candle.
The second one is my entry, the weekly. If price eliminates that last green weekly candle via an engulfment or pin bar then I am in.
The 15 minute 200sma is looking to start rolling over.
This up channel is looking to break soon. I have market two green lines.
The first one is the entry short using the daily timeframe. If price eliminates this green daily candle.
The second one is my entry, the weekly. If price eliminates that last green weekly candle via an engulfment or pin bar then I am in.
The 15 minute 200sma is looking to start rolling over.
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This to me would be the entry for the Daily chart. I don't trade the daily chart so I won't be taking it.
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This is my entry on the weekly. Looking for an engulfment. Will see how Friday plays out.
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I plan on holding this trade for the duration of the sell off, about 100 weeks or 18 months. The bounce and lower high, I will be adding again.
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