I had also considered shorting from the 5M yesterday but thought that was ridiculous.
Had I taken the profit and shorted - perhaps, but that just didn't enter the mind.
As soon as I woke up today and saw where it had hit though, it was an instant Long bias. How many would have thought it was a definite crash hence short scenario?
Dunno... this is in the top 5 most difficult ZZBB plays I've come across.
On a normal Fib analysis, this is just a retrace on a short......
Had I taken the profit and shorted - perhaps, but that just didn't enter the mind.
As soon as I woke up today and saw where it had hit though, it was an instant Long bias. How many would have thought it was a definite crash hence short scenario?
Dunno... this is in the top 5 most difficult ZZBB plays I've come across.
On a normal Fib analysis, this is just a retrace on a short......
A pip is only worth it if you know how much you risked to earn it