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$TRB this wave of sell-off, the short positions have been pretty smooth.
Entry at 17.31, price now at 17.13, profit is already +77.88%, there were bounces in between, but none really changed the weakness.
To be blunt, this level has been off for a while.
On the surface, it's still grinding at highs, but actual buying is getting weaker, each push up gets suppressed, looking more and more like it's gathering power for shorts.
Most people thought it was just a shakeout at that time, but I preferred to believe the weakness shown by the chart.
When it later dropped, my judgment was validated.
At this point, I did not continue to hold stubbornly.
80% of the position has been taken profit, the remaining 20% is still held, see if the downward rhythm can continue.
A protective stop has been set, profitable trades most fear turning from active to passive.
If you didn't get in, don't chase now.
After this kind of drop, there tends to be a sharp reversal, better to miss it than to jump in at the peak of excitement.
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