The price, having rebounded from the lower boundary, began rising quite vigorously. The target at the upper boundary was reached quickly, but buyers seem unwilling to stop there. However, if this is indeed a converging horizontal triangle, sellers should have enough strength not only to halt the upward movement but also to reverse the trend, albeit temporarily.
In this situation, it is possible to consider entering short positions at current market levels. While the downward movement potential is relatively modest, the associated risks are significantly lower, providing a favorable advantage and positive expected return.
Investment idea: SELL 23600, SL 23700, TP 22990.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Bob Stan
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