I made nearly half as much on the way down, as I made on the way up...

At this point the short trade is very crowded. Everyone and their grandmother realises that this will be the outcome, so it is time to close the shorts soon*ish.

You remember this post?

And this?

Now:

Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

Please consider leaving a comment, like or rehive, if this post entertained you or helped you see things differently...

Have a nice day :-)

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