We are taking a short position at Weekly Pivot level, which also is the support for the downward trend line on daily charts. Our target will be S1, S2 and S3.
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Price went up today and tested the weekly pivot. Price not able to break the pivot level, indicates price will continue falling down. The daily pivot is entry point to our short position as indicated earlier. Our targets are S1,S2 and S3.
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Price is moving slowly to S1, watch carefully for the support. Once it breaks S1, target S2 down