It would appear like the uptrend that had started a while back has ended.
I posted a few charts, and succesfully tracked all the moves in this instrument. This is a testament to Tim West's analytical methodology, which I humbly apply.
This is coherent with my intermarket analysis publication's expected outcome of the recent fundamental paradigm shift that made these new trends emerge.
A short under yesterday's low, with a stop at the high would be a good start.
It's possible that there is a very pronounced gap down today, so, if trading intraday, it might actually be a long, to try to capture a retracement back to resistance above, but ultimately I think that the direction is down, and fast.
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Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com