DislikedBe careful with the late SHORT Bro... as I am ready to take out profit at any time now... since it reaching the TRIANGLE support line already. I'll SHORT again if the Support line is broken... but I'll also will go LONG if that SUPPORT is holding strong.
If it shoot up after testing the Support... I'll monitor the FIBBO Retracement to see how far it'll shoot up. Perhaps towards the congestion area again... If the BULL very strong and penetrate the Congestion Area... the target shall be the TRIANGLE RESISTANCE line if I am LONG... or I might SELL FROM BOUNCE again at the Congestion area.
If Fiber decide to bounce back... 50% and 61.8% Fibbo retracement is a good place to SELL FROM BOUNCE it those lines hold. Breaking that level upward... review back the situation.
Still too early to decide. It's all about the PRICE ACTION now.
Advice from me... be patience in making an Entry... wait until it reach SUPPORT or RESISTANCE line to decide and Enter the Market. Over there you'll know the clear R&R ratio.
Your SHORT will be profiting a lot if that SUPPORT is broken... If not... the BULL might retaliate and will turn those green pips to RED. Critical area now.
T.A.Y.O.R.
Ignored
However, the BULL already tested the 50% retracement and failed. It could test 50% median again... or DOWN from here to test the Triangle SUPPORT line again.
My LONG still on the green... should had took out the profit at 50% Retracement... but I was too GREEDY. Anyway... I am placing SL at BE now... nothing to lose.
T.A.Y.O.R.