Inflation, rate hikes, overbought stocks and mixed reports. All this sooner or later lead to a further fall in the coming months, and the technical picture is also points to this. The uptrend is still holding, but I think soon it will be broken down, and if we do not quickly return back, this may be the perfect time to open a short position. Short @ 4350-4450, TP 3900-4000, SL 4500.
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shorted @ 4400
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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.