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Short term bottom created? maybe also long.
The current bottom fits the pace of the big downtrend, here we might see a short term reversal (which may also be the overall reversal, yet there are other possible reversal points at lower SP).
At the moment we are beginning the third wave in the short term reversal, and we are able to set up a decent RR play here.
Be careful near the declining tops, may push us to a stop, part of the risk.
another play would be to wait until we passed the top downtrend.
Obviously this is my view, always do your own DD.
R/R 2.88
At the moment we are beginning the third wave in the short term reversal, and we are able to set up a decent RR play here.
Be careful near the declining tops, may push us to a stop, part of the risk.
another play would be to wait until we passed the top downtrend.
Obviously this is my view, always do your own DD.
R/R 2.88
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