The AM Wave Indicator turned Neutral for the Short Term joining the Med Term and Long Term. We just entered a short trade at 8300. Our target is 7600-7800. Since we are entering a sideways zone, we will monitor this trade closely.
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Since the AM Wave indicator is Neutral and getting close to a sideways zone at the 7800 area we trailed our position very tightly. Our last trailing stop was at 8120 where we exited our short with a small profit of 2%.