In the previous idea we identified a bearish chart pattern that is called Ending diagonal triangle (Elliott Wave Theory). It required a move above 8270 to be completed, and so we suggested the target of 8440 (nearest fib cluster). The price did make a new high @8354 but couldn't go higher.
Currently, I suggest 8170 as an entry point to go short (conditional order). Main target is below 7500, while stops should be placed above 8440. This makes for a nice 2.4R trade.
Currently, I suggest 8170 as an entry point to go short (conditional order). Main target is below 7500, while stops should be placed above 8440. This makes for a nice 2.4R trade.
Note
The idea has been updated, take notice: 
Trade closed manually
Setting up a new deal.
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Telegram: t.me/NixTrading
Сигналы: NixService.net
Агент-аналитик: t.me/NixAgent
Сигналы: NixService.net
Агент-аналитик: t.me/NixAgent
Related publications
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.