While everyone (including myself) was seeing the road to a double top at 13.8k or so it looks like we've gotten hit with the double top around 13k.
My stop loss and stop position reverse got hit within minutes of each other to minimize any losses which I emphasize to every trader as an especially good strategy in extreme highs and lows.
My targets on the way down are 10k, 9.7k, and finally 9k (which I estimate at <10% but might as well throw it in there)
Now the road is downward to accumulate so be very careful in any long positions as they aren't recommended until we get past the 10k mark, perhaps the 10.3k fib if it looks like the descent is especially weak but I expect much more of the same in the days to come
My stop loss and stop position reverse got hit within minutes of each other to minimize any losses which I emphasize to every trader as an especially good strategy in extreme highs and lows.
My targets on the way down are 10k, 9.7k, and finally 9k (which I estimate at <10% but might as well throw it in there)
Now the road is downward to accumulate so be very careful in any long positions as they aren't recommended until we get past the 10k mark, perhaps the 10.3k fib if it looks like the descent is especially weak but I expect much more of the same in the days to come