There is a valid Daily short trend that is the countertrend of the Weekly long trend.
The countertrend line breaks at the recent Daily high, where buyers may rush in the market, pushing the price to the Weekly/Daily target fibo area.
A risky bearish move may come to the Weekly support and the Daily support zone below, but full short is only below the Weekly start of impulse (IMP).
The countertrend line breaks at the recent Daily high, where buyers may rush in the market, pushing the price to the Weekly/Daily target fibo area.
A risky bearish move may come to the Weekly support and the Daily support zone below, but full short is only below the Weekly start of impulse (IMP).
