Yesterday I called for $7,735 - $7,750 as the area of support, where shorts would be covering and dead cats would be bouncing. The bounce did not get up to the previous support of $8,500 before resisting. I am entered on a short position and the target is $6,750. That is where we will re test the trend support off the longer term bull trend (green line). Stop loss for short is set at $8,505.
Happy trading!
Happy trading!
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