The overall maintrend is still bearish. While current market structure has broken, price is still in a compressing range. We will favor the downside but will wait for a trigger to go short. Anticipating a rally towards 117x supply area before the selling continues.
Verdict: Wait for signal to go short
Verdict: Wait for signal to go short
Trade closed: target reached
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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.