My Gameplan for the 37% sell off for Shorting and Adding
This post is for my own personal recollection of how I want to short this upcoming downtrend. I won't be able to remember the exact details 2 years from now.
I want to short it down to the rising monthly 200sma and the 50% fib level from the Covid crash's high/low AND the head's high/low 1.25x range. Price level 24,000
I want to short with the fat portion of my position at the August-October high at the 0.85/right shoulder pullback. I am not sure the timeline just estimations.
I want to add on each lower high for a total of 4 positions.
I already have one position on at the close of the weekly doji from last week at 38,749
I want to short it down to the rising monthly 200sma and the 50% fib level from the Covid crash's high/low AND the head's high/low 1.25x range. Price level 24,000
I want to short with the fat portion of my position at the August-October high at the 0.85/right shoulder pullback. I am not sure the timeline just estimations.
I want to add on each lower high for a total of 4 positions.
I already have one position on at the close of the weekly doji from last week at 38,749
Note
My ideal addsNote
Something like this as well with a falling wedge pattern
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Related publications
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.