This is labeled "Short" to prepare you for a reversal SOON to come back down to test support. We still have upward pressure at the moment but still expect us to reverse to downward pressure soon. This appears to be nearing the close of the peak of a Simple Rally in Phase B. Which means we may soon reverse to downward pressure to come back down and test support. I'll provide other charts soon to show what I mean by "Peak of Simple Rally in Phase B and about to turn back down to test "support" in Phase B."
Note
Don't forget to keep an eye on the ENERGY in the 6h and 9h. Still going up at the moment.
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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.