Resistance
Everything went too far for the short amount of time. I think FED decision is already priced in.
All indices at ATH, parabolic moves in various major indices and now all of them reach important resistance while simultaneously being at ATH.
It is a risky short here, but the Risk Reward Ratio is very decent. For a safer entry, wait for the minor ascending wedge to break first, then short it.
I shorted the top here for the fundamental reasons I mentioned above. However, I will take various partial profits on the way down from here in order to reduce my risk.
Gooood Luck everyone!
All indices at ATH, parabolic moves in various major indices and now all of them reach important resistance while simultaneously being at ATH.
It is a risky short here, but the Risk Reward Ratio is very decent. For a safer entry, wait for the minor ascending wedge to break first, then short it.
I shorted the top here for the fundamental reasons I mentioned above. However, I will take various partial profits on the way down from here in order to reduce my risk.
Gooood Luck everyone!
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