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Youtube:

Daily

Looking at our trend timeframe we see price continuing to respect our downtrend, stochastic rsi showing momentum in favor of bears no signs of reversal. Left shoulder Aug 16, Head September 13, and Right shoulder September 29. Expecting price to retest our H&S support zone at 1520, if momentum picks up expect our sell off to continue towards 1400.

4Hour

Shifting over to our pattern timeframe we see AE has found resistance at 1680 after breaking out from 1500 zone. Stochastic RSI showing momentum in favor of bears with no signs of reversal, expecting price to test our dynamic support at 1520. A 4Hour close above 1600 activates our trade, other wise waiting for a drop towards 1500.

Link To Chart

Conclusion

• Buy: After Daily Close Above 1600 / Bounce Off 1520
• Sell: Noooo

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Disclaimer: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.

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