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763-765 really did come. I just didn’t expect it to be as smooth as Dove.
This is basically like a one-hour pullback. Now we can only watch what happens with the rebound at 771-774. If it rebounds back, it’ll temporarily stop the decline. If it can’t rebound and encounters resistance here, then it’ll roll into a 4-hour pullback—and we’ll need to consider what’s going on around 743.
That just now big bearish candle, just like the big bearish candle this morning, was driven by massive sell pressure—on the minute level, thousands of contracts, the kind.
If you’re holding a short that isn’t suitable, take the chance to cut your position—cut it first... Don’t just watch it keep dropping; those orders are still welded to your hands... If you can adjust, then adjusting is always good—when you can’t adjust the price, at least adjust the position size...