Top is in unless a new ATH, this is the start of a longer leg down. We had a great close over the 50% fib the last few days so i am ready for a bounce to reload shorts. It s tight stop, if we fail to hold above the 50% of this current move around 6030-6050 then the move is over and the leg down will continue. Also we could just take out this current low and go for 5800.
Trade closed: target reached
Exactly as played, failed to hold the 50% fib so cut longs and then we retested and rejected and then went for the 5800. I am going long now at 5750 for anther run of the same
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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.