Chance the bull will continue soon look how it grinds along the trendline. Dangerous place to short in my humble opine. Just sayin. Good luck!
This post purely educational not advice. Trade at your own risk!
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Just noticed a descending wedge 26-28 Sep approaching the line; if no break down then will likely break up from the wedge. Building support and consolidating in range 2905 - 2915. A break below range to lower support around 2880 would signal buy.
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Bearish price action, weak RSI, exhaustion gap; failed to hold above prior closing high, failed to surpass prior intraday high 2940, pull back from 2936 on 10/01, formed a double top.
A break below channel lower trendline will confirm correction ongoing. Note that the double top is well below upper channel trendline- earmarks of rally failure.
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iT'S FORMED AN EXPANDED FLAT CRAWLING ALONG THE TRENDLINE! TO BREAK ^