Comments on the chart.
Bearish divergence
Trendline support breakdown
Stochastics turndown
Bearish divergence
Trendline support breakdown
Stochastics turndown
Comment:
Price has broken down below the trendline yes however we need to allow for the principle of 'break and retest' so stops cannot be moved yet
Comment:
Triple top anyone?
Comment:
Price recevered more than expected negating this idea. I will be posting another idea though with a view of the market doing a complex EW retracement move up i.e a WXY move up which should give way to an impulsive move down