We're testing it and as it corresponds to the final wave of a potential expanding triangle structure, that would be a shame not trade it and share this idea with you !
I'm now short for a correction (SO THIS IS COUNTER TREND and I'm of course doing this with 0,5 leverage and a large stoploss set at 2% risk > 1% capital loss in case of invalidation. This means a stop loss set a 3715 which is much more that required and should leave me out of troubles !).
Target 1 is set to 38% retracement.
Target 2 at 50%.
I don't see this corrections going further that 50% as we had a very structure on the impulse.
Anyway no matter how we were, this was still a first wave... and at this stage shorting can only be considered to pay for future long positions stops ;)
YES I'LL BUY EURO EQUITIES AFTER THAT RETRACEMENT ! (just to be clear..)
Hope this idea will inspire some of you ! I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators