A close below the Blue line could open the door for a trip to the Red line, which is currently around $8500. That level would be and I would consider shorting it there.
The custom support resistance indicator lines show decent places to enter or exit.
The Blue indicator line serves as a setter.
If your instrument closes above the Blue line, we think about going Long.
If your instrument closes below the Red line, we think about Shorting.
For Stocks, I prefer to use the Yellow line as my setter.
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