I did not take a short position today before the close. Rather, I am going to wait and see what happens early next week. If the bulls struggle to get it over 2k, I will take a position.
However, if the bulls can hold 1966, I will wait for a test of the 50 day SMA and enter a long trade.
The wave iv of my ED is looking pretty good here along with the falling wedge. The upper trendline is highlighted on the 5 min chart as well so we should keep an eye out for a break out there.
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5 Min
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| 60 Min |
Still keeping an eye on this H/S too.
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