Update on this swing short, that’s been initiated and running.
Prepare for the following corrective pattern:
93,000 to 35,000 (close 50-75% of short at 35,000 to 40,000)
35,000 to 65,000 (hedge with a long in this range for risk management)
65,000 to 8,000
It’s also entirely possible we drop straight from 93,000 to 8,000 - just because a move of that magnitude hasn’t occurred before, does not mean it’s not possible. We have many liquidation and stop loss orders for leveraged buys and longs all the way down - this leaves a cascading chain reaction of sell orders that trigger off one into the next.
I call this a swing - but I’m personally expecting this to move quite fast.
Best to stay alert
- DD
Prepare for the following corrective pattern:
93,000 to 35,000 (close 50-75% of short at 35,000 to 40,000)
35,000 to 65,000 (hedge with a long in this range for risk management)
65,000 to 8,000
It’s also entirely possible we drop straight from 93,000 to 8,000 - just because a move of that magnitude hasn’t occurred before, does not mean it’s not possible. We have many liquidation and stop loss orders for leveraged buys and longs all the way down - this leaves a cascading chain reaction of sell orders that trigger off one into the next.
I call this a swing - but I’m personally expecting this to move quite fast.
Best to stay alert
- DD
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.