I'm currently thinking that 381 was the end of the retracement and we may complete a head and shoulders pattern before heading for our final destination in the 500-520 area.
I'm in long from 385 so will look to add to that at about 400 if this pattern plays out. If not, I will simply add to my position on each pullback.
EDIT (14 Oct - 12pm AEST) - After conversing with my good man MoonTrader below, I have decided to remove my 375 stop loss in anticipation of one more move south. My overall profit target remains unchanged and I will still scale in at pullbacks.
Good luck peeps :)
I'm in long from 385 so will look to add to that at about 400 if this pattern plays out. If not, I will simply add to my position on each pullback.
EDIT (14 Oct - 12pm AEST) - After conversing with my good man MoonTrader below, I have decided to remove my 375 stop loss in anticipation of one more move south. My overall profit target remains unchanged and I will still scale in at pullbacks.
Good luck peeps :)
