So far, the levels that had to break down, have been broken down, and after this week's close, we will have a time at mode downtrend signal confirm, which would aim for 45.34 at least. The downtrend is projected to last for 10 weeks or less (depending on the price action but that's the maximum time it would probably lat). Once this time runs out, we could expect a move back into the mode at 52.32.
You can trade this one with options, or find a short entry via stock, which would imply setting a stop loss at 50.6 or slightly higher.
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We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.