Long Closed. Anticipating Continued Bear Market.
Updated
My last post stated, I'll admit when I'm wrong and haven't been proven wrong just yet. I am BEARISH on a MACRO time frame. With failure to get a strong break above the trend line and hold above $9200 I believe we are heading back down. Now I am seeing a H&S formation on the daily chart. Was able to get my first short entry hit at $9200. Was anticipating a stronger push up to $9500 but wasn't happening. Will add to my short if the close of this 4hr is below $8900. A break and strong close below $8400 and subsequently $8100 will confirm, for me, that this H&S formation holds true which will eventually find us falling to and possibly below the previous low of $6400.
Trade active
Forgot to add, I set my SL at $$9150 ($50) below my entry. I like to add my position entry, SL, and TP to my ideas so that those who follow my posts can hold me accountable. Win or lose I'll take responsibility for my trades.Trade active
Waiting for $8600 for 1st TP targetTrade active
TP 1 hit at $8600. TP 2 hit at $8200.Trade active
TP 3 waiting at $7500
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