On the daily chart a bearish pinbar formed on Friday broke down the advance back to 1500.
A 50% re-balancing of Friday's range around 1509 /1513 is possible before a double down.
A double top at 1517 will still be in the range of the pinbar pattern, we would have to break the current
resistance at 1535 to negate the bearish idea
But....... Reduce sell entries or stay out until a bullish confirmation is validated
Expect a sharp decline and a sharp advance as well.
A 50% re-balancing of Friday's range around 1509 /1513 is possible before a double down.
A double top at 1517 will still be in the range of the pinbar pattern, we would have to break the current
resistance at 1535 to negate the bearish idea
But....... Reduce sell entries or stay out until a bullish confirmation is validated
Expect a sharp decline and a sharp advance as well.