Price has indeed pushed higher, I'm expecting the 132.584 to be the line in the sand, a push above that by any amount invalidates my chart, and i would not remain bearish, short term, under any circumstances at this point.
130.026 is a target level which price has now reached, but i'm looking for price to move slightly higher and test the 131.378, and possibly onto the 131.967.
I would look to entry again on the short side at these levels (131.378 & 131.967). But price can not go above 132.584, so stops need to be tight and just above that 132.584 plus a margin for the market spread to include for any such spread fluctuations.
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Updated chart with the 38.2 fib added and some additional comments
Price is moving towards my sell target zone, i'm getting reading to re-enter the trade on the short side, but first i'll just hold off, and see if price heads into that 132.000 area, as it might just go a bit higher and then take out my short term line in the sand - 132.584 if it does poke through there, then i'll look to short this at a much higher level.
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Shorts opened now in play
Price action was enough for me to open these short position. (IG Markets prices)
These have been opened at 13184.5 & 13190.2
Stop Loss at 13265.2
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1.min chart using HA candles where it showed me the area that it ran into a sell wall, looking for a swift move down from here to confirm to me that we are indeed going lower. hanging around at this level any longer than say 15 mins will flag up a possible move higher.
Looks like the bears have had there claws out, we should head much lower, and quickly, don't want to see price back near the 13160 line.
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Link to Update chart, moving down as expected, may find resistance at 1st or 2nd level on the chart below, small bounce and further lows to come. Once i have the registered low for this move, i'll calculated where this move should complete. Once completed we should see a larger correction, before heading down to lower lows.
Price getting close to entry points, given this i'm moving my stops to break even, just in case we push higher and take that 132.000 zone out, i can always entry another short at a higher level