Oscillators divergences.
No retail follow up of a 300% gain in 3 months.
Sentiment change - bullish exhaustion.
Short now.
Increase size/risk as we go up, up to 11.7k.
Pay attention to 9.3k level, once reached tighten stops.
Stop: 11.9k-12k
Target: 8.2k
Secondary target: 6.2k-6.4k (let a portion of your position ride down here with a stop at 9.3k)
No retail follow up of a 300% gain in 3 months.
Sentiment change - bullish exhaustion.
Short now.
Increase size/risk as we go up, up to 11.7k.
Pay attention to 9.3k level, once reached tighten stops.
Stop: 11.9k-12k
Target: 8.2k
Secondary target: 6.2k-6.4k (let a portion of your position ride down here with a stop at 9.3k)
Note
Short again. Entry 12.6k
Same target. Same play. We are going to play this as a short squeeze.
Stop new highs.
Note
Placing a stop in profits at 12.4k, not going to let this trade turn into a loss.Note
Okay this is going good. Halfway to target. Key level here 10.6k-10.9kTarger remains 6.6k, trailing stop down to 11k after we break 9.8k
Note
Halfway to first target***Note
Got to first target, trailed stop down, and got stopped out. Reentering on new lows.
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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.