Price follows idea, now look further
As you can see price exactly followed my second arrow. Price action was good enough for me to go short. It perfectly respected my level wich also was a fib level. In this new picture I have only adjust the Chanel to the new points. And adjust the Fibonacci.
•The first green dot is where I will start to take profits.
•The second green dot is actually where I expect price to go. And where I will take more profits.
But for sure also still hold a small part of my short. I still think this whole chart could come crashing down this year. And if not, my main holding will bring me money.
Now I might start to look for a long again when price will come down to the second dot, but we’ll have to see how things play out.
•The first green dot is where I will start to take profits.
•The second green dot is actually where I expect price to go. And where I will take more profits.
But for sure also still hold a small part of my short. I still think this whole chart could come crashing down this year. And if not, my main holding will bring me money.
Now I might start to look for a long again when price will come down to the second dot, but we’ll have to see how things play out.
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