Short?

Despite the rally, it can be easily marked as an ABC or a WXY.

Time to dump and complete the weekly/ daily ending diagonal

Trade safe

Kommentera:

An alternative - an ABC (zigzag).
Wave A - a leading diagonal. Note: wave 1 of it is also a leading diagonal.

Check for the higher frame - current move is approaching 62% level, where we may observe a strong rejection.

Kommentera:

RSI divergence in play

Kommentera:

For this option to trade, need an overlap at ~17k. That negates the scenario with the third wave unfolding to the upside now

Kommentera:

My tiny sell stopped out.