Strong Bearish Signal: The price demonstrated a huge drop supported by the large institutional volume and swallowed the previous upward correction, which shows the weakness of buyers. Volume Zones: We have to highlight an important level of support 1785.50, which contains the large volume. The price is currently testing this mark. Sentiment: This indicator shows that 71% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd"). https://d.radikal.ru/d17/2109/7e/f72b771d6f93.png Consider Short Positions: Given all these factors, we may regard a breakdown of the support level, which will consent us to open short positions. The breakdown move must be keen and supported by the large volume, which will be a more precise signal for entering the market. A stop loss may be placed above the breakdown volume bar. Profit Potential: Approximately 300 points.
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