If you look at the market now, it seems to be in a bearish trend. Lots of higher lows, and there's also a double top that seems to have appeared. Market also recently has broken below the neckline, so if it rallies up to the 618 Fibonacci retracement, which is at previous structure, there might a potential selling opportunity using the 2618 strategy. RSI is also indicating a bearish divergence and there's a 1:1 risk reward.
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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.