On Monthly price registered a strong doji, suggesting a bearish bias
Price may seem flattish at the moment, but it seems to be resisted by Feb high.
One key criteria for me is that yesterday was the first day of 5 day bull trap completed.
My resistance is now defined and Sl quantified.
TP as planned at a h4 box low with $14, approx. 7% of price plunge.
It was planned to be an experimental trade on commodities, using tflow methods which turned out to be equally applicable as well.
price has since invalidated the 1234 and now back towards the previous top. Suspecting a Double Top but no setup to short from the top.
Earliest setup i can do to short will be a wr2b ctt.
But if price can be halted at fib5 for a second time, that may suggest this wr2b is worth a shot, though not the strongest of trade that i have come across.