Another way of looking at the setup if head and shoulders pattern on day chart which is not yet complete and doesn't appear like a text book pattern.
But our short trade is already active going by weekly chart trend line breakout.
Trade active:
Shorted at 69.5
Comment:
So far it made a low of 64.2 (very very close to our 1st target of 64)
Comment:
Done with Target1: 64
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But our short trade is already active going by weekly chart trend line breakout.