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This asset has experienced a big move over the past year, the 2nd largest one year move in several decades.
This assets rally has taken it up to falling resistance that first started in 2000, the move has taken momentum to a level not seen it 15-years and its hitting a Fibonacci 161% Fibonacci extension level, while creating a bearish wick this week at these key levels. Sentiment finds itself at the same levels as 2009, nearly 75% on one side of this trade.
Unusual performance can hatch unusual opportunities. Do you feel in time this could turn into an opportunity? What do you feel should be done here?
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Have a wonderful weekend, Chris