The chart I think doesn't need explanation. Shorts are preferred around 14.
Trade active
Might be the end of wave 2, opened short position. Will increase at the level 15.5 or if down trend continuesTrade closed: target reached
There are a few additional scenarios when price can move higher now. Closing with profit, looking for a next short position.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.