We (and you??) have been short this thing since 11500.
See this post:
www.tradingview.com/...Good-for-400-points/
and this post:
This is just a reminder where we are going and to look for fresh SHORT Entries.
See this post:
www.tradingview.com/...Good-for-400-points/
and this post:
This is just a reminder where we are going and to look for fresh SHORT Entries.
Trade active
Comment:
As it turns out this is worse than it initially looked.
The new SHORT Target; 10750
Comment:
If you are Not SHORT, yet, around here is a good place to do so!!
Take those "dip buyers" and shove it way up for them where the sun don't shine!
Take those "dip buyers" and shove it way up for them where the sun don't shine!
Comment:
Here is a longer term view...
... the 8hr. chart.
... the 8hr. chart.
Comment:
Obviously, if this takes out 11200 then one would also have a completed Head & Shoulders, with the same, 10750 down side target!
Comment:
That Head & Shoulders appears to be complete.
Trade closed manually