We see bullish divergence happening on the lower and higher time frames. Targets 1 and 2 are in purple boxes. My opinion is that there is not really any good trades right now. I'm not buying anything yet and not trying to get caught in the next shakeout. So I am still hunting short entries. I will be looking for a schematic at the target levels so see if I get one of the 4 patterns in SMA...hopefully a stop hunt pattern my bread and butter trade at 53700 zone that is the short I am looking for to ride back to 46-42K
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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.