Short
Bearish Flag Hasn't Been Invalidated Yet
Daily there's nothing to show we're in a bull trend-the price rose but got shot down before reaching the Golden Pocket. Demand is likely to surge 1-2 Dec, then returns to bear for next week.
Note
Can't paste charts here, but from Thanksgiving 2021 to 20 Dec 2021, the market went from 5.482 to 3.499, down by 36%.Note
Gap's filled, finally. If I'm a swing trader, I'd short right here at the top of the gap.Note
This formation has fulfilled its functions.
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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.