We see a clear Elliot wave structure with a possible completion of wave 5 in conjunction with a major resistance zone. The 4H candle also looks bearish, enough reasons to open a short position.
Note
Smaller TF updateTrade active
smaller TF update: looks like wave 2 is forming, the volume is very low expecting a move soon.
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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.