This is my new short setup, had to exit from last setup because price action seemed like it could go up more at that moment.
We had a bounce from 50 MA but on 4h but I do not think this correction is done yet. Because, we need to go at least 52K to achieve 0.618 level. Then, we can complete second wave and start third wave upwards. With just 0.786 bounce and up from here will not work in my opinion.
I can be wrong, but this needs to correct more even if it goes a little higher.
We had a bounce from 50 MA but on 4h but I do not think this correction is done yet. Because, we need to go at least 52K to achieve 0.618 level. Then, we can complete second wave and start third wave upwards. With just 0.786 bounce and up from here will not work in my opinion.
I can be wrong, but this needs to correct more even if it goes a little higher.
Trade fermée manuellement:
I am liquidated.