The reason why I shorted the 5.2k

This is an experiment.

As I predicted at the 3.2k, we will go to 5.3k:

Now I am shorting from 5233 area because the fibonacci is 0.618 in 5300, and the rejection confirmed my theory.

I can show you how this theory works:

after the first selling from 20k:

we have
1)

2)

3)

4)

5)

Totally 5 times hit the 0.618 level as a reversal. So, I posted the prediction from 6.4k->3.2k then back to 5.3k.

And today's price action confirmed the rejection from 5.3k.

Also, my rainbow ribbon that held the 6k as support also laying on 5.3k now.

Stop loss with 5% loss.

Bình luận:

I closed my shorts because of daily doji

Bình luận:

great, I shorted the 5333 again

For this stop loss hunting fake out.

Bình luận:

Fine, I close my short from 5333 also. Way too tricky to short. Stay away from this market and come back later when it's clear.

Bình luận:

I found another fibo...

shorts closed, flipped to long. Stop loss at 5k

Bình luận:

long closed, waiting for the rising wedge break to short.