Previously, we managed to get a nice short opportunity with a perfect TP level as shown in the chart. I will be seeing a high possibility lower head forming as we start to see the BULLISH movement slowing down, which could signals that there is no BULLISH continuation. Instead, this lower top could signal a strong BEARISH movement as it will look to break the support zone (red area) where a rejection occurs. If so, I will see a possible consolidation between the support level that could possibly be broken (red area) and the next support level (green level). As of now, I see a high possibility of a break at this current support zone.
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Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
