We arrived to the profit taking area on Friday. I booked profits on half of the position.
We are near to the end of the 1st daily cycle of this IC so this is not the time to be brave with shorts. It can reverse any time now.
The volume is decreasing. The indicators are starting to show some divergencies.
I used the FIBO retracement to see where could this decline end.
The 50% retacement of the previous rally was at 3.113. I was waiting for the break of 3.070 so that was too early.
The next level is the 61,8% FIBO retracement at 2.939. That price looks the most likely to print the DCL in the next 1-2 days. I still think tomorrow or Tuesday we will have "the low in".
I noticed an interesting thing. The 78,6% Fibo retrcement is at 2.692. It's almost the same level where the target price is what we counted from the triangle. (Height of the triangle -yellow)
If you start to go long in Natty before I post the long idea just be sure to have some dry powder at 2.692. The chance is low that we tag that level but it's not out of the table.
We are near to the end of the 1st daily cycle of this IC so this is not the time to be brave with shorts. It can reverse any time now.
The volume is decreasing. The indicators are starting to show some divergencies.
I used the FIBO retracement to see where could this decline end.
The 50% retacement of the previous rally was at 3.113. I was waiting for the break of 3.070 so that was too early.
The next level is the 61,8% FIBO retracement at 2.939. That price looks the most likely to print the DCL in the next 1-2 days. I still think tomorrow or Tuesday we will have "the low in".
I noticed an interesting thing. The 78,6% Fibo retrcement is at 2.692. It's almost the same level where the target price is what we counted from the triangle. (Height of the triangle -yellow)
If you start to go long in Natty before I post the long idea just be sure to have some dry powder at 2.692. The chance is low that we tag that level but it's not out of the table.
Nota
I would like to wait the close before making a decision.It looks the decline finished now as we printed a swing low.
Nota
Swing:Nota
But you can google it.Nota
We are erasing yesterday's whole rally. The reason is the volume.Yesterday's volume was too low to go long that's why I wanted to wait the close.
I still have the 50% short position.
Nota
There's no reason to panic though. If you are long just hold the positionand get ready to add.
We are very very close.
Nota
I don't want to push the short trade anymore here.So I'm closing my shorts as I got better opportunity than stopping out yesterday at the swing.
TSI gave in the signal - crossed over.
The RSI has left overbought so even if we have a lower low there will be a divergence...
Dagangan ditutup secara manual
Nota
There was no waterfall decline after breaking 3.070 so there is no reason to stay in a short position.Nota
Nota
I think they will hit Natty at the report.
That will be our entry.
Nota
Fingers on the buy button.When we break down 2.99 I will be buying.
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.