Although my previous target was not hit...the lack of volume on this dump when coupled with the support from the bottom of the channel has made me rethink my position. I have closed my shorts in profit and am waiting for a bounce to my target zone in blue to re-short OR a breakdown at which time i will begin looking to short on the restests of previous support zones. Either way I am happy with my previous trade and am content to sit out and watch for now as I feel like we are in a sort of uncertain zone.
Good luck to All!
Good luck to All!
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Quick note...this area does worry me as significant resistance...I am worried I may miss out on a larger dump HOWEVER...the dump was low volume and we are at what could be considered a support area...so despite the bearish looking ema's i have elected to close...I may regret it but I am taking a claculated risk...lets see.
