We have been hovering close to all time highs. This is the 1-5 structure of EW, with a corrective ABC to below 6700 GZ marked on the chart. Alternative could be extension of the last V. wave above 8100 (unlikely).
I am shorting from the 7715 level. This is the interpretation for anyone that is not in any trade at the moment.
giotaylor1000
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@matejmn, sounds like a good price given that it’s their from the close. I went short little lower but should be fine seeing drop down beyond 7,600 in due course.
Just wanted to add sentiment is also at an all time high of app. 89% which I’ve never ever seen as usually at most it’s been 84-85%. Short all the way let’s go
giotaylor1000
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Looks good. I’ve got it short from 7725 and down to 7590. Good luck but I don’t see this moving higher before it retraces down to a corrective level as markets not reflecting correctly so correction due.