Short

Sure is looking grim, but way worse on the monthly chart

Updated

If it weren't for the deadly bearish monthly chart this would look like too obvious a short set up.

Curious to see if they drag it up to the top of the pennant again, or if it breaks down from here...

Trade active

someone was telling me this looks bullish--???

Note

an inside bar would more likely mean a retest of the top of the pennant in my mind. so further slippage below 58 this week is called for if we want to maintain a bearish narrative. very curious to see how this plays out going into the new month.

Note

we have broken down out of this pennant. awaiting confirmation.

Note

retesting the pennant. dead cat bounce? or will we rise back above resistance?

Trade active

it could go on forever (in which case i'm doomed)

prefabsprout

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