[elang]

I've terminated my short taking in a profit any trader would be happy with.

I will be shorting again only if i see good closing action under the falling trend line.

If .9566 (100%) is taken out, we will have a bullish move in play and confirmed with a HH otherwise it is still bearish.

The correction / bounce of trendline may be limited @ .9487 ~ 38.2% & Yesterdays LOW or it could go further up to 50% > 61.8 etc.

You will notice ive drawn a lot of red lines and one blue i think.
The blue line represents the overall trend. A Break of this line would mean things have gone bullish.

Since ive determined that were bearish, i look only for short entries so i draw supports visualized in red at every chance i get to pick out short entry or position adding points.

Some you will notice break the red line, others fake a break and reverse and others don't break them at all.

See attached chart.

Regards,
E. Lang