(Pattern Type) / Break Down
(Target Price) 122 , 130
( Perspective) In order for this trade to initiate price needs to break and hold 114 notice in the past when price tried to break this level it could not hold and resulted in a head fake so on a break and the ability to hold the break to the upside is crucial.
( Perspective) If price fails to break this resistance then a short trade may be in the works on signs of break down the first target for the short trade would be the bottom of the green channel then support floor 1.
(Overall Market Influence) If the market receives a pull back in the coming days it may inhibit the trade from taking place.