At the beging ,the opinion was price action should test 60 mins moving ,so I do not buy frm bar7-bar9,what's more the obvious resistance is above ,and bar8 has tail on top, not close above bar 3 .
Considering bar bar10-bar11 were bear bars, I did short at bar 12 at 2957.75, and put a stop lmt order at a tick above bar at 2959.50,at that time ,I were thinking about that weather should put the stop above bar 70/bar 76 of Fri at 2963.25, if that my risk is 5.5 points ,finally i were stop out above bar13.loss 1.75 points, low risk ,high possibility .Bar12 was a bull trap.The very begining opinion has not changed , so I short at bar18 , lmt order ,at 2955.5.put stop lmt above bar 13 and around number 2660.25,my risk is 4.75 points,bar18 a doji bar ,and bar19 a strong bull bar, that means people sold below bar6 ,buy back their shorts on bar18/bar19. bar20-bar22,and bar 25-fromed a not realiable ledge ,ledge meand 4 bars forms the same price.The price will be hit within in 1-2days ,bar28 meet the minimum goal ,a tick above the ledge price. how accurate! and bar 29 and bar 16 formed double top.
Bar30-49 much like a bear leg in trading range, a tight bear chanel.bar50 was a bull breakout ,but nobody wants buy here,everyone knows magnet below ,fri's low and 60 mins miving average ,so it has been sold strangly frm bar 50-bar53,bar 52 is a important bar,if its a bull bar,as a result ,bar 51 is a bear trap.After bar50 ,I moved my stop fr bar13 to bar36,after bar53,I moved my stop a tick above bar50 at2956.25,now my risk is 0.75 points,its comfort for me to hold the short,bar 54 may get a small leg down after three big bear bar, it really did. Finaly, the price action tests the fri day's low and 60 mins moving average !!!
Thanks again for your pics ,love it~
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