Sellers easily crushed a textbook Hidden Pivot support at 1067.00 yesterday, suggesting that things are likely to get worse before they get better. There are no downside targets remaining on the hourly chart, but if you’re short to begin with (or if you’d like to get long with camouflage), a 1072.50 stop-loss may work. That’s a tick above the second of two external peaks whose breach, if the rally does not pause between them, would create a bullish impulse leg on the one-minute chart (shown).
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