Weekly - the larger trend remains down. Lower lows and lower highs, no reversal candlesticks as well.
We are now in intial stages of stage 2 sell. Hence the trade is to sell.
Daily - the trend remains sideways for now after the stocs hitting and being in oversold status for long. If somebody who already was not short from the initial signal this is not the time to go for positional short. So wait the time out.
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