This has been ridiculously nerve-racking. It looked like it was about to collapse, then suddenly a high-volume rebound sent it close to 82,000! The overall correction has been rather prolonged. We’ll need to watch how strongly the moving averages act as resistance and how the daily candle closes tomorrow morning.
I’ll try a short around 81,700. If it breaks above 82,300, I’ll consider exiting. The risk is limited, so I’ll keep trying and look for 79,000–80,000.
I’ll try a short around 81,700. If it breaks above 82,300, I’ll consider exiting. The risk is limited, so I’ll keep trying and look for 79,000–80,000.
