No New High
And the momentum is vaining. A correction of the rise since mid January may be expected. The more that there is an unclosed open window since 13th-14th January as well.
Trade active
I am taking a first profit as the momentum is decreasing a bit. But I remain short with another part of the position as the bias is still downward.Trade closed: target reached
I am taking the full profit now. Momentum is decreasing and we are facing a strong support here.
I remain bearish and may sell again if the situation becomes clearer.
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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.