With the flat trading range and the 1 min and 5 min accumulation, I think we are at least going to see some knee jerk upside, I don't think we have time left to rally on these divergences to fulfill them. So I'm going to take 1/2 off the table and close half the shorts, even if they reach my entry point, I can close the other half and still be profitable.
This is a safe then sorry move. I still think the 15 min charts which have not gone positive, tell us we will see further downside, but I can always reposition if we do get a move up upon any negative divergences. Otherwise if we head straight down, I still have half my position.
That will be the action I will take.
No comments:
Post a Comment