Hi Redfinn
that trendline is everything imo if there`s obvious resistance there again, and I mean really obvious then a quick short could be good there, even then I`d wait for it to turn down from the trendline and then short the daylights out of the next big red bar.this situation may call for a long and short at the same time, then flick the dudd.
DYOR though...
elliot wave analysis bhp daily, page-34
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