es 6-21 update ~

good afternoon ~

es still looks kinda trappy to me.
4h hidden bearish divergence confirmed,
regular bearish divergence confirmed as well.
few other indicators i use are flashing a sell.

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the recent break-down from the bear channel could have been a trap,
but i feel the trap isn't quite finished yet.

3550 is the 38.20% retracement (on log scale), when taking a measurement from ath to covid low.
this area will act like a magnet.

the question isn't if this level will get hit,
but rather when will it get it.

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mostly cash, waiting for my level before jumping in o/