Eth correction shorting after big bear trap
Updated
I think we've just finished wave 3 which was the big bear trap, and we're now making a 4 which becomes invalidated > 2846
Hard to say where it tops, but there is volume concentration around the 2820 mark along with well formed resistance.
Expect to come back to at least retest the structure of the previous low.
Hard to say where it tops, but there is volume concentration around the 2820 mark along with well formed resistance.
Expect to come back to at least retest the structure of the previous low.
Note
I was watching the correction so didn't have stop loss thankfully. We went over 2846, but this was the B of the wave, so we are stil valid as the 5 only reached 2834.Target looks ambitious right now, we will have to monitor the down.
(this assumes we have peaked at this time, which may not be the case)
Trade closed manually
yes this move didn't get as low as I hoped. I'm thinking a high correction possible here good for a re short
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