With the overall trend being to the downside we are only looking to take a short position. while there is still significant downside potential from where current price action is to where the blue short-term supporting is, there is still no real confirmation that the market intends to go lower until we break below and close below that blue short-term . Therefore we are awaiting a break below and close below of said blue with confluence from our price action forecasting algorithm prediction a move to the downside with a prediction chance of 85% or higher.
Currently our algorithm is forecasting sideways movement, which could mean that the market wants to roll over soon, with a prediction chance of 64%. We will be updating this potential signal daily with current price action and updated forecasts from our algorithm. If we get the setup that we are looking for we will execute the trade and post an update,
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