sell
Bearish Continuation Pattern Signals Short Opportunity
The closing of the daily chart on Friday and Saturday serves as two bearish steps, indicating a strong continuation pattern for a short position. The nearest target is an imbalance, but it is not necessarily the final one. An upward movement is possible, where the trendline is located, marking the third contact with it. Additionally, it appears to be the fourth wave, which could act as a bounce for building a short position. This is my personal opinion, and I observe these as potential setups rather than definitive outcomes.
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AI Analysis
The recent closes on the daily chart seem to confirm a bearish setup, characterized by two consecutive bearish steps during Friday and Saturday. This pattern suggests a continuation of the downward tr...
AI Recommendation
Given the evidence and analysis, the recommended approach is to prepare for a short entry at the appropriate retracement levels, especially near trendline contacts and wave completions. Confirmation f...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.