I would favor shorting, given the current fundamentals. So, my first trade is right there on the chart. tight stop. Possible 12345 formation, currently on wave 2 to be finished at the short entry level. One thing to consider is that bullish cypher pattern (blue). That's why I state two possible scenarios. Excellent risk/reward, still.
Remember we are moving into weekend, so you might want to consider waiting for market reopening on sunday (futures or CFDs).
Good luck!
İşlem aktif
⋅
Shorted at 24607, just as first entry. Same targets. Will monitor and consider reentering at higher levels.
Good luck.
İşlem aktif
⋅
Reentered at 24775.
Yorum
⋅
Short squeeze might be ongoing now, low volume. Keep your stop losses on your watch, if low volume continues i'd move my stops further up just to avoid tempting the market.
Yorum
⋅
Stops at 25010 just to be safe. Let's see how much this short squeeze can go. Still under control.
Yorum
⋅
Cost averaging at 24924. Chart, targets, stops, updated.
Yorum
⋅
Looking good.
Tariffs stuff, you know.
Yorum
⋅
This is huge, China selling.
Yorum
⋅
Expect a bounce here, but just have patience.
Yorum
⋅
Closer look. Is the flag broken? If so, 24500 incoming.
Yorum
⋅
Zooming out, pinbar on daily.
Yorum
⋅
Updating this thread. Nothing too crazy for now. Reaching new overbought spots, overall picture and swing strategy:
Yorum
⋅
Shorted 25077.
Yorum
⋅
We are going for the big price here. So, keeping it up, pending short at 25264. Still at overbought situation, heavy, a correction is due. Rising wedge, brearish. AB=CD formation completed. Shorted at 25230.
No pain, no gain.
Yorum
⋅
Wedge broken. Turning around.
Yorum
⋅
Oh well... way too early, poor counting. Current situation, cost averaging. A total of 6 contracts, 24607, 24781, 24926, 25077, 25171, 25388. The last sell stop wasn't executed by a small price difference so this trade will be the tougher one. For chart clarification, i'm unifying the trades at a single one on 6 contracts at an average price of 24991. Currently at a loss. My plan is to move my stops to BE as soon as I see a good movement on the positive. Chart updated.
Have a nice weekend.
Yorum
⋅
Hopefully, if this was a breakout from the past triangle, it is quite probable that price could get to retest that broken trend line (50% correction). Meaning there's good chances to close this whole trade at a good profit, or, in case I see good dynamics developing, i'll let it run until the final target.
Cheers
Yorum
⋅
Quick update, tough trade as stated before. Still alive tho. Chart updated with analysis and counting.
Yorum
⋅
Some things pointing towards a correction is coming.
Massive pro gap. Bearish gartley Triple combo wave, second X completed. 25000-24700 levels highly probable.
Another great call so far. Watched closely as this short squeeze went above 900 and thought about your short. Must be looking tidy now, good luck to you sir
UnknownUnicorn2643179
⋅
just watching this live. Amazing that everyone was bullish you where bearish and usually 1 in 10 people are right ;) well done again and ty
UnknownUnicorn2643179
⋅
I've got the same line on my chart from January high. No way this is going up much further with such a low volume. Extremely suspicious. Keep us posted. thank you
UnknownUnicorn2643179
⋅
Man you are my hero! I don't trade big amounts as just can't but learning for the last year or so. But you are amazing! Do you have twitter?
cacus
⋅
@Mr1TommyGun, thank Sir! appreciated. Glad to help. I do have tw, but not using it that much, and besides I usually write in spanish over there.
htk1996312
⋅
THIS IS SO CARZY
cacus
⋅
@htk1996312, more specifically, what is "crazy" Sir?
htk1996312
⋅
@cacus, sorry for the typo sir, i mean how's it raise like rocky in only two days.
cacus
⋅
@htk1996312, don't worry, that is typical when volatility rises like in current market conditions. But given the current fundamentals and technicals, this appears to be just a short squeeze play. Well see. Always keep your worst case scenario in mind for managing your risk and potentially escaping a tough situation.
htk1996312
⋅
@cacus, okay sir, thank you , wish you have a good trade