Yesterday we were looking at the fib golden pocket and still leaning towards the bearish case.
I hope no one shorted support as I suggested, as we clearly got a strong reaction now.
This is why we trade levels and not biases. Don't short support, don't long resistance.
I am now personally 75% out of my short (opened at 67k and compounded at 63.5k) as you guys know that I am bullish on the longer term, and will close the rest if we reclaim 61.5k.
We can start looking for longs once 61.5k is reclaimed and potentially retested as support, this level is very important as we now also have a fib golden pocket on top of it
So look at the reaction if we get to 61.5k
Any questions?
Good luck traders
Remember not to break your rules
Habib
I hope no one shorted support as I suggested, as we clearly got a strong reaction now.
This is why we trade levels and not biases. Don't short support, don't long resistance.
I am now personally 75% out of my short (opened at 67k and compounded at 63.5k) as you guys know that I am bullish on the longer term, and will close the rest if we reclaim 61.5k.
We can start looking for longs once 61.5k is reclaimed and potentially retested as support, this level is very important as we now also have a fib golden pocket on top of it
So look at the reaction if we get to 61.5k
Any questions?
Good luck traders
Remember not to break your rules
Habib
