The larger time frames are starting a downwards projection. At the levels of other indicators, it suggests a quick shake-out. These set-ups average around 15% on the downside and then the uptrend continues, which will then set-up diversions in the future.
I see more downward pressures for about 16 - 40 hours and then a nice run upwards to new ATHs.
I see more downward pressures for about 16 - 40 hours and then a nice run upwards to new ATHs.
Trade active
Trade closed: target reached
Note
I did TA that PA would dip within 40 hours .. Things change quickly and that time line is off the table. These next formations have become clear and I have posted an additional "Run Chart" to clarify direction.A new time-line should be considered now, as PA could go an any of the 3 directions now.
Consider this as a hold and neutral position. Scalping is notable for some quick returns for experienced traders, the chop chop zone has been noted.
Note
This last post completes this chart. I was suggesting a 15% dip and PA only gave us 7.30% to the downside. PA then moved up to the next major Black Fib line # o.786. That next 7-day move to the upside had a potential yield of 15.25% for the trade. 
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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.