There is both Short and Long Opportunity depending on how it played out on the levels moving forward. I don't feel good when price hovers around a 52 Weeks High, it shows me that price will want to break that level taking out stops that people placed around it.
The movement might go as high as 1.216X, we will be watching out for strong signals before making a move. Intuitively, its too late to long and too early to short now.
Likewise, remember the trend is always your friend.
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