The trendline is broken and we should see a retracement to the .618 level which is also the previous support & resistance level and volume value area.
Keep an eye on the price action on market open to see if the move down was a bear trap. If price bounces off the trendline downward, open short position.
Keep an eye on the price action on market open to see if the move down was a bear trap. If price bounces off the trendline downward, open short position.
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