Short on third test of FIB .5 retracement
Wait for price to pull back again to 1245, which is a .5 FIB retracement of the recent downtrend and confluences with strong resistance level from November 2016.
SL just above the 200 DMA at 1265
T1 at .382 FIB level around 1220 - 33% of position
Move SL to B/E at T1
T2 at 1180 - 33% of position
T3 at 1125 - 33% of position
SL just above the 200 DMA at 1265
T1 at .382 FIB level around 1220 - 33% of position
Move SL to B/E at T1
T2 at 1180 - 33% of position
T3 at 1125 - 33% of position
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