I think short position is a possible winning position. In D-Chart we can see Price in a range with very clear and strong trendlines. Well, price bounced back from previos High as expected. Now I assume a continuation of the downtrend and everyone can jump on that train to the bear party. We expect price to move into that Diverse Bull/Bear Party-Box (Yes i made that up) waiting for Priceaction with short bias. Stop Loss should be higher than the Diverse Bull/Bear Party-Box.
Trade geschlossen: Stop wurde erreicht:
Unfortunately the Bulls crash the Party. But no worries, there's still more in the future, with some losers but bigger winners ^^