New short is now in @ $9990 with a TP at $7300. Expecting a bounce off (1) to either the top of downwards trend line (2). If we break the bearish trend we could then see $11000, before a second drop which could bring us to $5k. Alternatively we could drop further from (2).
Ready to short at either (2) or (3) on confirmation. Either of these 2 points could squeeze price upwards with (3) seeing a possible big move.
All based on Fib retracement and trends
Ready to short at either (2) or (3) on confirmation. Either of these 2 points could squeeze price upwards with (3) seeing a possible big move.
All based on Fib retracement and trends
Trade active:
Short still alive, with TP set @ $7300. extended EW wave count three lands here (1).. If $7300 to $6800 is hit before a rise to ~$9k (3), look to short back with a possible target of $4800??
Trade active:
SL has been set @ 9990 for a break even on this trade, looking for a better short re-entry. Current momentum has the potential to carry us towards $10.5k - $11k. The target of £7300 is still active.
Comment:
Moved SL to 11k on lack of interest to push higher - accepting additional risk to retain trade
Comment:
Wave 3 EW looks to be extended past the initial target - idea to be updated. Short still active
Trade closed manually:
Trade closed 8215 looking for new short reentry