Previously, we anticipated a correction from $7200 to at least $6740:
Notice just how accurately the price reversed from POC level on this chart @5684.
Now it's time for another pullback, the conditions are met. There are two resistance clusters: the first @8070-8090 and the second @8440. You choose where to short. I recommend to apply postion management tools, like moving stops to breakeven.
Now it's time for another pullback, the conditions are met. There are two resistance clusters: the first @8070-8090 and the second @8440. You choose where to short. I recommend to apply postion management tools, like moving stops to breakeven.
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The price is crawling towards the short level. I've adjusted it a bit to match the cluster of resistance @8440:
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The chart has been updated:
Comments are welcome
