Large speculators have been building short positions, and i really dont think they are done until they sweep these highs.
Trend line resistance
Daily resistance
200 Week EMA
Trend line resistance
Daily resistance
200 Week EMA
Note
Also, i think the key to trading is not caring if this plays out. Its just an idea, but im going to trade whatever the chart presents, level to level.
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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.