Price has been trading bearish for quite a while now. assuming the short term trend is down now I can position myself for a short in price on long term view.
assuming the recent fall is a wave A it can be wave 1 but both scenarios indicate that price might continue falling. from now we can expect a correction to join the bears. Note that price might not unfold as my price trendlines, I am just giving a picture of what to expect in the near future.
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