So a simple explaination of the Short Taken. We have the buy stops taken out with that spike and pull back. Which then drive price lower. As you can see price reject equilibrium or 50 percent of the range. And we expecting price to retest the lows before making further decision on its next direction.
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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.