Have just entered a short at a strong supply zones (the bears won a pretty big battle here). We are seeing some trend exhaustion with a Demark 9 count at this peak despite being in a strong short term uptrend. Further my cycle (19 day cycle) analysis is down at the moment . OBV is also showing weaker increasing action compared to price action. Momentum looks like its turning as we are overbought using the ultimate oscillator and %r. Lets see what unfolds!
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