This is the same thing everyone is looking at, which is why I would be hesitant to put on too large of a short order. A triple top is showing on the chart, and by now everyone and the mother is expecting some sort of retrace/downturn. At the very least I expect some high volatility sessions similar to Q4 of 2018 (see: green circle). Targeting Fibonacci levels as we can see historically they have presented our pivot points almost on the nose. Look toward 2800, 2715 and 2640. It is not clear whether we will see the kinda of crash we saw last year, but a volatile trading environment is expected regardless.
A strong break of ATH will invalidate this idea as we will be in price discovery mode.
A strong break of ATH will invalidate this idea as we will be in price discovery mode.
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