Using the "Fibaus Noodler V6", which you can get invite access to by reaching out to user Fibonacciaustrian here (tradingview.com/u/fibonacciaustrian), as well as some structure calculation and Elliot wave analysis, price action points to general bearish sentiment. We wait for a pullback before entering our short, because that is a typical confirmation of a bearish structure. Take profits at targets 1 and 2, or adjust your stop loss and try to ride it out further if you please.
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