The sell off, or correction has begun.
Now we are at an interest area now where for the second weekly candle close is bearish. Now to some this is a healthy correction or to others the start of a bearish crash prone to a host of reason which we have explained before.
We are continuing to hold short positions - again the long term here is to hold to the low of March and beyond [if price shows us a structure to add positions along the way down.
The window of opportunity to sell is between August - November - think of the fundamentals attached - that and a newly tested area below to retest.
We must note - in order to be successful here
patience is key
Risk management on the trade is pivotal and once enough in profit - put stop loss to breakeven.
Please see related the ideas for our longterm outlook:
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