This is a follow up to my main short entries which started with this Idea: 
Once the down move started, I was taking profits and adding shorts per this plan:
I am now looking for entries to add more shorts.
Once the down move started, I was taking profits and adding shorts per this plan:
I am now looking for entries to add more shorts.
Note
GU hit first target, and possible end of wave 5.I dont think this is the ''bottom'', but lets see
Note
Second target hit with ease. will it bounce? Note
GU bulls look to be holding mid-support for now, in UK session. I suspend US will buy GBP, EUR, and AUD soon. So am expecting a bounce here, which will give me more data to analyze. Note
GU hit the second possible wave (5) and bounced as expected.Am starting to add shorts again
Note
a close up of price action around my zones, good to see it recognizing them Note
Shots added here. Note
GU: Getting back to the main chart, we nearly hit the third target I DO think the last target is still possible. This new fib shows a -0.236 extension (a very common overshoot of any wave)
However, the risk of a bounce is increasing, while the odds of collecting those last few pips are decreasing. So I closed 80% of my shorts during Asia session, and will re-evaluate once London starts.
Note
GU: this EW count and the two fibs say the next target is still quite possible. Lets see what London thinks in a couple of hours. Note
I have posted a New plan for possible short re-entry zones, here: 
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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.