I have entered in short at 39,281 in the anticipation back down to the rising green trendline and the weekly open price as a counter trend trade.

I placed a 50 tick stop at 39,331
My target is 250 ticks at 39,031 for 5 to 1

Now to let the trade unfold. If it works great, if not who cares. Part of trading.

Trade closed: stop reached
Trade was a loss. Did not follow through.

snapshot
Trend AnalysisWave Analysis

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