SOXX: Just another semiconductors - short - trade
Semiconductor's aligned performance with major indexes is well known and well advertised.
Many felt disappointed and lost money - myself included - when they broke year's old resistance.
With an empty chart - that always help - found the following:
-Doji at the upper boundary of a bearish wedge
-127 fib resistance
-Monthly old money flow divergence, as well as with QQQ's (using them as a Nasdaq proxy){I knew that when shorted at the dotted line the previous time}
Not a revenge trade. I cooked lunch, dinner and the weeklies for the dog before I hit the short button. Watered the flowers too.
Can such a small doji, break such a huge bull? You never know and I don't really care. Even one downtick or a fraction of a penny can break empires at the right time, the right moment. As long as a good R/R exist, I sleep ok.
Just another trade.
Cheers
P.
Many felt disappointed and lost money - myself included - when they broke year's old resistance.
With an empty chart - that always help - found the following:
-Doji at the upper boundary of a bearish wedge
-127 fib resistance
-Monthly old money flow divergence, as well as with QQQ's (using them as a Nasdaq proxy){I knew that when shorted at the dotted line the previous time}
Not a revenge trade. I cooked lunch, dinner and the weeklies for the dog before I hit the short button. Watered the flowers too.
Can such a small doji, break such a huge bull? You never know and I don't really care. Even one downtick or a fraction of a penny can break empires at the right time, the right moment. As long as a good R/R exist, I sleep ok.
Just another trade.
Cheers
P.