Failed Wave For Possible Short?

12 mag 2020

Hello Traders! We see a failed wave as the market failed to push higher and was forced below the previous high which is a break of prior minor resistance. Could we see the bears continue this push to the 38.2% of this impulse bulling move? Or maybe even push lower? The market is a bit bearish right now and this is a possible short opportunity. Monitor price action for confirmation. This is an idea not a signal, shared for educational purposes. Trade smart don’t gamble.

-Rum

14 mag 2020

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