WHY SO MANY SHORTS

I would love to ramble about geopolitics, but that aside, the real deal I see is bear overreacting party here.

Elliott wave approach:
ABC corrective wave is completed. It's time for a bull run.

Trend line approach:
3 times tested channels is having a fourth try.

Others:
Daily Exponential Moving Average +SMA 50/100/200 are showing 4 supports and 2 resistances.

Trade fermée manuellement:

Busted pattern. For reasons I can come up,
Possible Demand worries/trade war concern and Russia production number ect.