I see 4 setups with similar R:R, in the order on the chart: - long from pullback (aggressive) - short from resistance (almost as good as a long play) - long from previous support (probably safest bet) - breakout play (aggressive)
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Notably we are at 0.618 fib which is significant enough to warrant some more bearish action
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Likely upside break as very bullish cup price action is formed after accumulation/consolidation
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Very small position
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not a fantastic start :) as the trend line immediately got rejected but see how it goes
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Correction: I meant the price got rejected by the trendline :)
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there she goes
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hard push back from bears
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The hourly close is ominous but sticking with the plan, its a small position anyway.
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My SL was actually not hit as the Stop (yellow) did not trigger the Limit order overnight.
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New resistance is at 9990, but price action and momentum remains bullish
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Also notice the turning
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Cracked under heavy volume SL hit
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This will probably go lower, I would probably wait to see 9600s before any new long play.
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Descending triangle confirms my bias towards more downside