Following the cyclical pattern of Elhers Stoch CG Indicator/RSI we are due for a bit of a drop if the pattern repeats itself. I've put a 500STR short open here at 45. Stop loss 48ish. Target is where the price is when it gets to the flag at bottom.
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Re-entering now - closed pos before. Opened short of 461 STR at 4547. Stop loss 4750. Target Under 4000 but take what you can get.
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ANyone wondering what indicator is on bottom - Ehlers Stochastic CG Oscillator
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Close position