An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement tracking trend oscillators as below: Price is likely to move within the parallel channel having the potential to break it down. CCI double top divergence waiting to break down the zero level.
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NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
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CCI broke zero level. Price is likely to move downwards further than initially expected.