I’ve been tracking this one for a while, and I believe it’s time to short this area after the significant bearish signal right at the top, which resulted in a failed breakout.
After several months of accumulation and various breakout attempts that ultimately fell back into the range, it has now dropped below the mid-level. For me, this is a clear short signal.
If it reclaims the mid-level solidly before my invalidation point, I’ll consider closing my position manually. For now, I’m targeting the range low.
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Are you not entertained?
Nailed the short entry—might as well take some profits and let the rest ride to the end target.
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Fully out on this one. The first target price was reached, and the reaction off that level is strong.
I’ll look to go short again on a second rejection at the same level or slightly higher
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Will be looking into something like that. It’s likely to be towards the end of the week, just before the FOMC meeting on the 18th.
I’d prefer to take a short position higher up rather than sticking with the current long setup.
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