The lenght of the last upswings have been shorter and shorter for the last swings, which may indicate that we have rolled over to a downtrend. This of course is supported by the major downswing that followed. It now looks like we are in a pullback from that downswing, and may be looking at another downswing soon. If we brake through the uptrend-line on the chart I take this as confirmation that we most likely are going down, and will open a short position.
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Breakdown
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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.