Traders,
UPDATE: We are well in the money since I last posted this trade 5 days ago. Well done to everyone who followed me and took this short with me. Hold, expecting more downside. Now seeing a price rollover to alloow for bearish continuation into the longer term 3 wave cyclic move.
A nice bearish move, we had a bullish pullback into the minor highs, hitting the sideways resistance trend line and hitting the Fibonacci retracement also. We have used the 50MA as resistance, suggesting this is purpose filled agenda move to the lows.
---Interested in joining my professional signals group, or receiving my professional online trading tuition? Message me here on Trading view or email me with the email address on my Trading view profile page---
Best regards,
Tom
UPDATE: We are well in the money since I last posted this trade 5 days ago. Well done to everyone who followed me and took this short with me. Hold, expecting more downside. Now seeing a price rollover to alloow for bearish continuation into the longer term 3 wave cyclic move.
A nice bearish move, we had a bullish pullback into the minor highs, hitting the sideways resistance trend line and hitting the Fibonacci retracement also. We have used the 50MA as resistance, suggesting this is purpose filled agenda move to the lows.
---Interested in joining my professional signals group, or receiving my professional online trading tuition? Message me here on Trading view or email me with the email address on my Trading view profile page---
Best regards,
Tom
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.