The next daily candle should give us a good understanding of what we're in for. I think we'll fall through on the turn of the 12 hour cloud. But I am watching for a green daily that might get us to tap the major trendline/daily cloud. Either way I believe we are dropping down, just not sure if we get some local highs beforehand.
Comment:
The next daily was a pivot up and then we touched the major trendline, not as sure about where we go from here- either down or we might get dragged sideways with the 12 hour cloud. Currently short and planning on down.
Trade closed manually:
Necklines get cut quite a bit on these clouds. Looks like what is happening here. If buying support lasts it could touch 12ish, drop down and then break the daily cloud- to around 14k. If that happens I expect it to drop back down through the daily when it thins out, looking to cross green.