I made a mistake on my last published idea. This is what it should look like.
The yellow line is the old local low set on December 29.
The green line is where we set the short.
Volume on selling rallies is way over moving average.
We are making plays based on the four hour chart. In this view of the one hour chart we can break the four hour candles down. And frankly they look good for short sellers because the sell pressure is strong.
If you made this play don’t forget to take profits. And don’t be greedy. Look for a false buy rally only if above 3500 to sell short: Preferably after at least one green hour. Optimally after three green periods.
Please follow the link to the original post there is more content. Just had to fix the chart here.
The yellow line is the old local low set on December 29.
The green line is where we set the short.
Volume on selling rallies is way over moving average.
We are making plays based on the four hour chart. In this view of the one hour chart we can break the four hour candles down. And frankly they look good for short sellers because the sell pressure is strong.
If you made this play don’t forget to take profits. And don’t be greedy. Look for a false buy rally only if above 3500 to sell short: Preferably after at least one green hour. Optimally after three green periods.
Please follow the link to the original post there is more content. Just had to fix the chart here.
