WILL THIS HIT TP? Shorted GC near the NY PM highs… TP is basically in another zip code
i’m short gc around 4708.5
sl is 4713 (above weak high on my chart)
tp is 4646.3 yeah i know it’s far
15m chart, been trending up all day, i took the short anyway because it pushed into the highs and i’m thinking this is the blowoff then fade back through the range
right now it’s sitting around 4703-4704 and i’m up like 500 but it feels like the market is about to do that thing where it bounces 2 points and taps my stop just to laugh
what do you guys think
1. does this actually have a chance to hit 4646 today or is that fantasy
2. if you were in this would you take partials at like 4696 / 4680 / 4673 or keep the home run tp
3. what’s the one thing you’d need to see to believe the short is real (break structure, close back inside, sweep then fail, whatever)
4. if you think i’m wrong tell me where this probably goes next and why
i’ll post the update after it plays out so you can say i told you so