Gap Fill to take us down 36%

Showing extreme amounts of bearish divergence on the daily, breaking immediate trendline and bearishly engulfing on the daily a pullback to the $326 area seems likely.

Komentarz:

Oh boy this played out wonderfully I have taken some profits and plan to hold the rest of my position a bit longer while lowering my stop in profits.

Komentarz:

To anyone else wanting to take this trade further; You can hold some of your position beyond the original Gap fill and possibly go for lower targets as presented on this chart:

Komentarz:

182 will be our extended Profit Taking target.

Transakcja zamknięta: osiągnięto wyznaczony cel:

It exceeded even the extended profit taking levels very nicely it's time to get out.