OK so here we go.
Yes so we had this Silas consolidation.
Whenever you're moving down we have a resistance at 12 72.
Price is not able to move above it and let's sell.
That's entered a short positions.
But before we do that let's cross or is on the line see how far down this price could go.
So we are supporting 11:20 and what price could come as far down as down here at 1000 1010 maybe anywhere
else down here.
So if we can draw another line
looking at those highs and 1874 on think is going to get that down.
Let's let's be real and in 1930.
9:37 how can in Iowa.
All right so let's see.
Right now it's 12 29.
That's right where we sell it.
So let's see if we can enter a short position.
First let's clear that 15 minute chart just to confirm our assessment.
Yes definitely these were lower had these of these resistance.
It's a strong look at the volume increase more sell off because of daily.
What does it really look like
you're selling prices more below the APM a
year support trend line right there.
That's see
but yeah go violated all those laws and price open below it and move down.
So multiple confirmation that this wants to go lower
and it's open a sell order
to stop and to target our target let's let's be Sue 11:22 be reasonable.
We could do 1000 But let's take the first one.
And the stop.
OK let's move to a 50
cent the order was placed
and executed illegal Marine.
We have all our targets and Stop-Loss is in place.
We're back to the hourly chart
saw the stoplights putting the stop a little higher.
Now remember this is going shorter so your stop needs to be above the current price.
So let's change it to a
75
well-defined
profit.
It looks good.
So we have a good eye a good risk reward ratio and we are risking it.
Right now we are at 12.
We are going at 12 29 for simplicity 2:48 and our stop Stop-Loss is 375 So we're risking 45 cents 45
cents to make a dollar.
So that's not the best the best scenario.
Ideally we'll be a thousand and so move the target profit target down to 1000.
And I think is going to get there.
But you know I'm not going to be looking at this right now and we've got to make for the profit we lost
the previous three.
So let's lock something in.
So let's go for this one and see this is a risk area and this is the reward that looks decent from this
point of view.
Listen you can always move the fight to stop loss and I think price can even get lower.
Yeah I think this can do it.
Well you're not going to take a chance.
We took a chance at liberty when we lost the opportunity.
Now we've got to take some profits and see what happens moving forward.