There we have it folks! Another top caught perfectly!
In our last few analysis, we mentioned that we were in a 535 zigzag and we're approaching a reversal point. We hit the ascending channel perfectly before reversing.
Those that were following our analysis closely would have caught it. Well done!
We'll be holding our shorts and actively managing our positions as we move lower. There will be quite a few safe entry opportunities on the way down so we'll update once we see it.
Again, well done to those that caught the top from our previous analysis!
Goodluck and as always, trade safe!
See our previous analysis below:
In our last few analysis, we mentioned that we were in a 535 zigzag and we're approaching a reversal point. We hit the ascending channel perfectly before reversing.
Those that were following our analysis closely would have caught it. Well done!
We'll be holding our shorts and actively managing our positions as we move lower. There will be quite a few safe entry opportunities on the way down so we'll update once we see it.
Again, well done to those that caught the top from our previous analysis!
Goodluck and as always, trade safe!
See our previous analysis below:
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