Already mentioned it before, it is very important so I will repeat parts of it and add more details as price unfolds.
We are probably entering a stage where:
- Losers will add to their losses (even if they just hold on their original longs)
- Winners will take quick profits in fear of losing. Bears that are more likely to hold on to their trades are probably the early movers who are not in profit yet. They are also very likely to exit near BE levels. That will eventually pave the way for deep drops. I am looking at 2200-2100 for now.
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