The market have been downtrend channel for past few weeks. It finally broke from the channel which means retail traders gonna start buying the market and waiting for the slaughter. WE applied BLASH principle in this idea. We are looking for sells cause market is expensive. The purple rectangle is the retracement of the downward channel.
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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.