Game plan for the next couple of months.
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We have an ABC on the 1hr heading straight into 140.460. Going to see some resistance here to bring prices back down and to start wave 2.
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another opportunity to get into the short if you didn't get in on the first "add" spot.
break of trendline, might retrace back to 61.8% retracement and support turned resistance level.
break of trendline, might retrace back to 61.8% retracement and support turned resistance level.
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Retested major trendline after the false break.
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and down we go..
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Watch for the pull back to the major descending trendline to retest after the fake break to enter short.
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TP1 hit, but looking to hold until TP3. Might find price surge lower creating an exhaustive candle, and then snap back to initiate the buy momentum.