Don't want to fall into bull trap, but also not into bear. I'd go with another short at least to 75.00, but the greatest question is from where.
CJ dropped almost 13%, so it has some space to bring things in. It might encourage bulls here at current level and then stab them in the back. Will monitor it around 80.60, which corresponds to 0.618 level of the last drop plus full retrace of the last minor rise (blue Fib). For sure I won't be entering on the first touch on 1h, but wait for a signal on higher time frames.
Hope it makes sense :)
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
CJ dropped almost 13%, so it has some space to bring things in. It might encourage bulls here at current level and then stab them in the back. Will monitor it around 80.60, which corresponds to 0.618 level of the last drop plus full retrace of the last minor rise (blue Fib). For sure I won't be entering on the first touch on 1h, but wait for a signal on higher time frames.
Hope it makes sense :)
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Nota
Nice h&s is plotting:Nota
Soon will start adding longs.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.