On the weekly timeframe market has formed a nice bullish impulse breaking above resistance, after a impulse you expect to see a correction and market to go and test previous resistance turned support.On the daily timeframe market has formed a W formation in which we expect the pattern to complete at the neckline giving us a downside target. On lower timeframes at the moment everything is still bullish we will be first waiting for new bearish structure then if all our entry rules are met we will take the short.
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