We can see an aggressive rejection from the high to the current level. At the moment it will probably form a bear flag. I am going to do 2 trades here, a swing trade and a normal day trade. For the entry, i will wait to see it form the bear flag first and for both i will short the first 50% when i see some rejection from the bear flag and make them normal sizes at that yellow circle.
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Still perfect! I a moving stop for the day trade to that red zone on the left. For the big swing trade it will remain the same for now.
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I am moving stops for the day trades to those 2 red zones on the left. The swing trade will be stay at the original spot.
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Unfortunately stop for half got reached yesterday for half of the short term play, other half still in and will take profit now.
The bigger swing trade is still in, and i will increase the size maybe this week.
The bigger swing trade is still in, and i will increase the size maybe this week.
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I am taking 30% profit of the swing trade as well now, since we might have support at this potential trend line on the left. Which i will add again at higher prices.
Stop for now is at the high we just made. If i increase it, i will lower the stop some more.