Gap Fill to take us down 36%
Showing extreme amounts of bearish divergence on the daily, breaking immediate trendline and bearishly engulfing on the daily a pullback to the $326 area seems likely.
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Oh boy this played out wonderfully I have taken some profits and plan to hold the rest of my position a bit longer while lowering my stop in profits.
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To anyone else wanting to take this trade further; You can hold some of your position beyond the original Gap fill and possibly go for lower targets as presented on this chart:
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182 will be our extended Profit Taking target.
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It exceeded even the extended profit taking levels very nicely it's time to get out.