Target has been met earlier this week than expected.
Notice how price was drawn directly to the target and then stopped in its tracks right at our objective. Very precise price action.
Tomorrow we will be looking for confirmation that price wants to sell off to the below target.
As said before this does not mean we will Gun Ho a short immediately.
However we will be anticipating the bearish price action and looking for reason to validate this idea. If they do not present themselves we will remain sidelined. If we can continue pushing through the target tomorrow THEN we will shift gears at the mid week and be open to taking possible long positions.
Until then we scalp because markets have been shaky all year long so far.
