Bearish cypher completed. Target 1 met at 0.382 retracement of CD leg.
Market has reversed and looks like it wants to test the PRZ area. This may be an opportunity to short again. I would only short now if it reaches the yellow line.
Reasons to short now:
1) RSI bearish divergence. 2) Retest of breakout (yellow line) 3) Retest of PRZ. 3) RSI overbought area 4) Top of the bollinger band
Thanks for looking!
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FullTimeTrader
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Agree, was looking this pattern yesterday, i missed previous entry and im shorting now. My bias is long term, last target is D1 lows.