ABC retrace finished? Reloaded shorts
Well, got stopped out yesterday, but reloaded heavy shorts again. Looking like we just finished ABC retrace. Lots of things going on here, but mainly looking at Green TL which is the major bull TL from 2009 lows that also supported lows in 2012, 2016, and 2018. A weekly close below that is very negative as it will also be a weekly close below 200 week MA.
If that happens, I'm expecting a new low sometime in the 1st week of May. Wide target range between 1800-2120. We'll see how this one goes. Will be in and out of trades along the way I suppose, but hoping to be scalping profits and reloading as we go.
SL will be 2700 area which is still well in profit on this trade. Will move it down as we go and or scalp and reload.
If that happens, I'm expecting a new low sometime in the 1st week of May. Wide target range between 1800-2120. We'll see how this one goes. Will be in and out of trades along the way I suppose, but hoping to be scalping profits and reloading as we go.
SL will be 2700 area which is still well in profit on this trade. Will move it down as we go and or scalp and reload.
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