Hi!
This is just a short term short. We had the pump that we expected, but the correction looks like to be much deeper than it's displaying right now, so it's safest to take this into account, and play with SL or other strategies.
This has not broken down yet, but this could very well drop in the coming day or 2, if this breaks out up, there is a risk of a bull trap, so caution would be advised.
-B
This is just a short term short. We had the pump that we expected, but the correction looks like to be much deeper than it's displaying right now, so it's safest to take this into account, and play with SL or other strategies.
This has not broken down yet, but this could very well drop in the coming day or 2, if this breaks out up, there is a risk of a bull trap, so caution would be advised.
-B
Note
RSI line broke down.Note
Note
We could see a reversal as soon as @ FIB 0.382 - 0,0223, The RSI is nearing the support rapidly, and the MA's are giving amounts of support. 
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Related publications
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.