Price Action (Technical Analysis): Proceeding with Market closed currently we speculate price ended in a very key level of structure in the weekly time frame. We cannot assume for price to automatically reject and continue short. We see loss of momentum at our rally point, we respond with confirmations to go short such as a bearish breakout, price action reversal pattern & Fibonacci retracement levels. If price breaks above bullish, we allow price to settle at our next key level of structure which is our highest resistance level before we look to going short again. We need to anticipate where price goes in order to enter, not to jump in and gamble our position due to excitement.
Fundamental Analysis: A little under 80% of Traders are Netting-Short, we can anticipate at the opening of the market to see an immense seller pressure push down, giving us reason find a potential entry towards the end of the exhaustion that'll take place after. We also have to be aware that institution can very well trick us to assuming price will pull back and continue short. 3-4 Confirmations will be needed in order for us to begin targeting key levels of support.
Fundamental Analysis: A little under 80% of Traders are Netting-Short, we can anticipate at the opening of the market to see an immense seller pressure push down, giving us reason find a potential entry towards the end of the exhaustion that'll take place after. We also have to be aware that institution can very well trick us to assuming price will pull back and continue short. 3-4 Confirmations will be needed in order for us to begin targeting key levels of support.