As you can see price exactly followed my second arrow. Price action was good enough for me to go short. It perfectly respected my level wich also was a fib level. In this new picture I have only adjust the Chanel to the new points. And adjust the Fibonacci.
•The first green dot is where I will start to take profits.
•The second green dot is actually where I expect price to go. And where I will take more profits.
But for sure also still hold a small part of my short. I still think this whole chart could come crashing down this year. And if not, my main holding will bring me money.
Now I might start to look for a long again when price will come down to the second dot, but we’ll have to see how things play out.
•The first green dot is where I will start to take profits.
•The second green dot is actually where I expect price to go. And where I will take more profits.
But for sure also still hold a small part of my short. I still think this whole chart could come crashing down this year. And if not, my main holding will bring me money.
Now I might start to look for a long again when price will come down to the second dot, but we’ll have to see how things play out.
