Bear flag can be seen inside the diamond. Both looking at the same target at 1.0 Fib of the length of the previous downswing. However, I would place a stop near 0.618fib due to the bullish bias of the market.
Note
Note
Looking at cross under 76.23 to short. Can't figure out a good SL position. If we don't see a spirited move to the downside, perhaps shorting is not the right strategy on this one. Will check volume profile and update.Note
vol profile over last two years is well above current price. Note
The time has come. Me shorting now => greatest buying opportunity for the rest of you :)
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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.