Hi Everyone! I wanted to point out a Short Swing Signal was triggered in our Near Term Group of time frames. I also pointed out WHY we would be using the 24-hour time frame to close this Short Swing Position. Conditions to CLOSE this short position have not been met yet. Meaning, this SWING trade would still be open since 7 November 2022. What are the conditions to close the short position in the 24-hour? We would need the Green Line RISING and Greater Than level 20 "while" RISING. We would also need the Phoenix Ari RISING and Greater Than level 20 "while" RISING. We would also need the Red Line greater than level 7. We have NO REQUIREMENT on rising or falling for the Red Line when opening OR closing trades.
Yes, I also covered a price range WHERE we may continue falling to. That range is $14,677 to $13,777. Yes, we can fall lower.
Hope this publication was helpful.
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Happy Trading and Stay Awesome!
David