I do not rule out the possibility of further shorting. This is one scenario of how the price can play out, based on the weekly demand zone that the price needs to pass through. The last selloff broke through the previous low, indicating that sellers are still active. For this scenario to be tradable, the price after the next short move should not establish new lows. Time will tell.
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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.