Hey guys,
this is another chance to get involved in a shorting opportunity given by a 2618.
Here we have a double top at a previous daily resistance level (black line) and near to a psychological number (1,49000); by breaking the double top in a downward direction price is giving us reason to believe that the trend is now reversing.
The pullback is beyond the .618 retracement and we also put an engulfing candle.
That's enough for my rules.
I will enter the market and double my position, one at the retest of structure and one in extension.
Let's see what happens.
If you want to ask me something, don't hesitate to comment.
this is another chance to get involved in a shorting opportunity given by a 2618.
Here we have a double top at a previous daily resistance level (black line) and near to a psychological number (1,49000); by breaking the double top in a downward direction price is giving us reason to believe that the trend is now reversing.
The pullback is beyond the .618 retracement and we also put an engulfing candle.
That's enough for my rules.
I will enter the market and double my position, one at the retest of structure and one in extension.
Let's see what happens.
If you want to ask me something, don't hesitate to comment.
