Looks like we've completed the head and shoulders pattern after the dump, which leads to another dump. Seems like a pretty common pattern here. I believe the only reason we even got close to breaking 223 was because of margin calls and people staying short on the retrace.
To be safe, you may want to try and only use 10x leverage, it seems like the bulls have been loving this short squeeze action. Just watch the last yellow box, don't rush into your position but slowly accumulate your short until you can confirm the obvious. It's going to take superman in order to break the ~223, I'm very confident that this will not be broken.
To be safe, you may want to try and only use 10x leverage, it seems like the bulls have been loving this short squeeze action. Just watch the last yellow box, don't rush into your position but slowly accumulate your short until you can confirm the obvious. It's going to take superman in order to break the ~223, I'm very confident that this will not be broken.