TW has been doing a strong run for some time now. However, recent high seems to be potential high for this index based on the equidistant guideline in Elliott Waves Theory.
Using Fibonacci time counting, we can see that in 2 weeks' time, we may have an important turning point. Even though I may already have identify the potential high, I think that it is important that we also respect Fibonacci Time Counting technique.
What this means is that we can already start putting short positions in the market but not our full position sizing. To do it simply, I suggest splitting the full size into 3 equal bullets of the same size and fire one bullet per week. This can be using short futures or using selling of call options (preferred method).
Using Fibonacci time counting, we can see that in 2 weeks' time, we may have an important turning point. Even though I may already have identify the potential high, I think that it is important that we also respect Fibonacci Time Counting technique.
What this means is that we can already start putting short positions in the market but not our full position sizing. To do it simply, I suggest splitting the full size into 3 equal bullets of the same size and fire one bullet per week. This can be using short futures or using selling of call options (preferred method).