"As you can see, we are in a downward trend between two blue lines. Currently, we are at the top of this trend. It seems to be the right time to sell, as the static pink area intersects with the blue trend line. Therefore, it’s time to short. We can expect to reach the first take profit (TP) when we touch the minor uptrend indicated by the purple line."
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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.