- The idea is simple. 3 bearish cs formation on the swing high (last 3rd cs would be closing under the 21 EMA) - Wait for the retrace and go for short until fibo ext. 261.8% - And maybe just a coincident if we see here there would be a crossing between 55 EMA and 200 EMA - Which could trigger a medium / long term bearish trend. - Who knows ...
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