I'm still pursuing the overall bearish scenario, but I also think it could see a short-term bullish case at the same time.
If a red pennant forms, we would see a rebound to 26.7k-27.2k, followed by a steep decline as wave 5 of the impulse continues. Invalidation on breaking the lower red edge again.
Note
A red box on the upper right is a potential target in a less likely bullish scenario.I'm going to sell more from around 27k up.
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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.