Predicting the double top on NDQ.
I have longed a couple of assets i have been eying for a while during the correction at a good price, so this short is part of a hedging strategy I am taking.
2 entries, first (1/2) at fib 0.618 (reversed) the second (2/2) aiming for a double top.
My thought logic is like that:
If I fail to predict the double top on NDQ than my longs will most likely be much more profitable than my short.
I have longed a couple of assets i have been eying for a while during the correction at a good price, so this short is part of a hedging strategy I am taking.
2 entries, first (1/2) at fib 0.618 (reversed) the second (2/2) aiming for a double top.
My thought logic is like that:
If I fail to predict the double top on NDQ than my longs will most likely be much more profitable than my short.
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