Good opportunity to go short off of bearish momentum here. A nice weak pull back from the bulls into the nice Fibonacci retracement where the bears forced their way into the markets. I like that the short term wave target equals the long term wave target. Makes for a reliable trade with a reliable, integral target.
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Thanks for your support, Tom
Comments
mskv21
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I worked out same sell zones and have various entries around 163 level. Waiting for the lower horizontal level to be broken to see some action.
mskv21
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Looks reasonable, lets wait and see how it pans out.