Next downwave ahead?

Nice 1-2-3 pattern?
Today we see the possible break of the shortterm uptrend. If this will be sustainable, a first TP could be the Fibo-Cluster. TP2 could be the former october- low. Below that level. we should see a shortterm selloff.

remember my longterm view:
s3.amazonaws.com/tra...shots/b/b5CiR9gc.png
today:

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in the shortterm view, the rsi is down...but from y cyclical view a new low should be made

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n1

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Short trade is in full swing...we are near TP1 (0,38 fibo)

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Oh! A H&S!!!

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is the sentiment changing? Trading above the neckline would brighten the chart !

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TP1 (0,38 Fibo) reached

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strooong nifty today

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for holding that short nifty has to break its strong intraday trend

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if the trendbreak really would appear, a new short like the following example could be openede with sl at todays high

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STRONG NIFTY!

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reached min tp H&S

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now have a look at the shortterm trend

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now there are two alternatives: anticyclical short when the trend will break - narrow sl short above the last top s3.amazonaws.com/tra...shots/t/thoOD5sM.png
or a cyclical long above the last top s3.amazonaws.com/tra...shots/a/AQvjybhZ.png

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examle short

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long

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wow

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tp reached

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aha

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11.000 is still the level to watch