Bearish cypher completed. Target 1 met at 0.382 retracement of CD leg.
Market has reversed and looks like it wants to test the PRZ area. This may be an opportunity to short again. I would only short now if it reaches the yellow line.
Reasons to short now:
1) RSI bearish divergence.
2) Retest of breakout (yellow line)
3) Retest of PRZ.
3) RSI overbought area
4) Top of the bollinger band
Thanks for looking!
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