Declining volume on rising price, combined with weak momentum on macd, divergence on RSI I can see a blow off top potential spike up and then down. But now is a great time to build short position and leg in if we get a rapid spike up. Im looking for targets much lower. Look for retracement to .618 level of 12884. Elliot wave pattern ABC retracements should be utilized as we head down.
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i closed my trade at 13100 at the 50% retracement level.... Great trade from 14,025 avg. I see a bounce here in my work