Short-term play. It looks to have formed an ABC bear flag. Possible it rises up again to test resistance, but we are coming to a close of the C wave, which was very impulsive, but sentiment is still bearish, and the count seems to validate another move down. Just targeting a swing low at .68254. But you could target the support line at the bottom at .67399.
RSI shows some bearish divergence between the height of wave A and C, but will not be confirmed until wave C is truly confirmed to be over.
RSI shows some bearish divergence between the height of wave A and C, but will not be confirmed until wave C is truly confirmed to be over.
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just shot up to the upper parallel resistance. Not would be a goo place to short.
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This is looking very bullish. But indicators are showing against this move. Time will tell.
This is looking very bullish. But indicators are showing against this move. Time will tell.
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Interesting moment coming up, which may make or break this short trade.
Interesting moment coming up, which may make or break this short trade.