Daily chart you can see the resistence at the top. So perfect chance for it to drop now a bit, only to gain strength and try to take out the ATH later on
Volume increased, showing strenght now. My short is not looking good now, but if it falls quickly below the red line again it will probably fall quickly
Your absolutely right, that is always risky, but it's just the way i trade sometimes, short trades. Some are loosing trades ofcourse. The same way i sometimes jump out for the best price. I saw a pattern and i reacted on it. I thought it would be a false outbreak with not enough volume, that's were the mistake was actually.
Thank you, but we are not there yet, support on 150, that’s where the volume spike was, normally under 150 it should drop faster. But it’s still looking to strong.
136 is where I see a support level, and the beginning of this uprising wedge.
The habdle is what I am looking for, :) good luck to you too