short entry: $54,800 -- stop: $56.5 -- target: $49.5

hidden bearish divergence on 4H timeframe:
Note
snapshot
Trade active
scaling into short position
snapshot
Trade active
avg. short entry: $56,100
snapshot
Note
snapshot
Trade active
holding short
snapshot
Trade active
divergence keeps getting stronger. added to short position here at $57.5
snapshot
Note
adj. target to $53.1
snapshot
Trade active
cut position in half at $56.9
snapshot
Note
chance for stops below last low being taken out before uptrend continues
snapshot
Note
divergence cancelled -- scaling out of short slowly
snapshot
Trade active
re-entered short at $59.4
snapshot
Note
added to short at $61,160
snapshot
Note
added to short at $62,445
snapshot
Trade active
maintaining short position here at $60.9
snapshot
Note
reduced short at $60.6
snapshot
Trade closed manually
scaling out of short around $60.6
Trend Analysis

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