As I'm now able to focus my efforts on the long overdue process of cleaning up the Trade Ideas category, I am doing so in phases starting with Short Trade Ideas (Setups and Active Trades). I did a once-over of all the charts and placed one of three symbols next to each trade; "OK" means those trades still look objective and will be left on as Active Trades for now, to be updated asap. A "?" means that I need to study the charts in more detail before deciding to leave the trade or setup listed on the site as it [...]
As mentioned earlier today, I am working on updating all of the trade ideas on the site. As there are currently 38 active short trades, it is much more efficient to review those charts in a video format vs. mocking up static charts and the accompanying notes on all of them. Many of the active short trades on the site were initiated shortly before or after the previous market peak on Sept 14th. When the market bottomed and hit several my key downside price targets on Nov 16th, I stated that the R/R to remaining short was now outweighed by the [...]
The CBL short setup has broken down from the rising wedge pattern thereby triggering a short entry. previous & updated daily charts shown below:
a short entry on CBL will be triggered on a break below this rising wedge (daily chart).