I am going a bit earlier on this - based on gut feel. The market leaders of the post pandemic crash are at a critical juncture (i.e. AMZN) and if they break down it is a big signal that there is NO MORE UPSIDE.
#1 - Short at ~9405 with stop at 9545 - 140 pips risk - risk 50 bps (due to lower quality signal)
#2 - Add short at break below 9200 - add based on how much previous stop moved down. Keep risk to 50bps total.
Target is 7000 - RR of 17x
#1 - Short at ~9405 with stop at 9545 - 140 pips risk - risk 50 bps (due to lower quality signal)
#2 - Add short at break below 9200 - add based on how much previous stop moved down. Keep risk to 50bps total.
Target is 7000 - RR of 17x
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