We tapped the daily candle that made the high in the last up trend. So I'm thinking we may try reverse here. I'm looking for a lower high on the daily to form. The 8200 corresponds with the main level that we broke through easily on the way up here. 8200 was the level we rejected before the plunge to 3800. It is also lined up with the yearly volume weighted average price. So I think it's a good spot to take profits and look to re-enter longs.
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Comment:
Long 8200