This is a perfect short at the perfect timing at the perfect price action.
We can see the daily is making a double top, the 4h- chart is showing us a very very steep wedge, combined with multiple bearish divergences. These can kick in anytime.
The daily chart also shows the daily channel median is acting as a resistance at this level too.
We will short untill the daily channel support is touched.
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Everything stable and under control
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Everything stable
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Waiting for a real plunge:
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142 can become support (short term)
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As we stated earlier 142 became a short term support:
In fact, this chart provides a different perspective of the market. This type of charting idea never passed through my mind. It is always good to keep in touch with professional traders.
Thank you for sharing this chart. Continue your good work.