imho, its time to take money off the table after that nice rally. Price has been stopped by arc resistance and we are fast approaching an energy point in time. A close above the recent high would be a good place to consider this advice mistaken. If going short, a stop above the recent high would make sense. Happy Trading.
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A 1st target of ~ the recent low of 11500 makes sense
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I no longer have faith in this trade idea. It seems that resistance might break. I have closed my short. Good luck.