We had a decent steep decline in price but as always price has to correct itself. Weekly s1 was a good place to start that correction. Right now we could be looking at a strong resistance at 23% fibo of previous wave or even 38%(which I think is less likely looking at the bearish momentum we got). I'll add to my shorts again near the green dotted line. Huge negative divergence on a weekly chart, price action and candlestick formation(bearish engulfing) makes me confident in continuation of the newly formed downtrend.
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short added 66.45
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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.