- Was short at 1893 but got taken out for only a small profit as confidence was shaken by unfortunate circumstances.
- Monthly : Single black reversal candle is not be a reliable sell signal in itself. Respect uptrend still until a more reliable top is confirmed by a formation of several candles. Big picture = uncertain, stay out. Parabolic top = huge down possible anytime.
- Weekly : Going down.
- Daily :Double top around 1920. Neckline 1702. If confirmed, $200 worth of downside to $1500 possible.
- Plan : Can't bring myself to sell now having just snatched defeat from the jaws of victory. Re-establish long (ETF) only from around $1576 downwards, if ever. Remember parabolic corrections will almost always over-shoot.
- Lesson : Remember there is never "this one is different". Similar experience (spread can't possibly go negative) in ED spreads in August. Trust the charts and only the charts.
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