Take this post as an idea to identify relevant areas of the chart, after that use it to support or discard your own trade setup
Main Items we see on the Daily Chart:
a)The major ascending trendline is broken
b)The Downside move that we can expect is really interesting to think on short setupS + you can have a Risk Reward Ratio of 2:1 more or less
c)After the main Trendline was broken we saw almost 2 bear traps, and then the price returned to current levels (this support the short thesis)
d)We can see a Head and Shoulder Pattern using the Broken ascending trendline as a guide.
e)Based on our analysis we expect a continuation of the bearish movement towards the 7600 LVL
Weekly Vision:
Main Items we see on the Daily Chart:
a)The major ascending trendline is broken
b)The Downside move that we can expect is really interesting to think on short setupS + you can have a Risk Reward Ratio of 2:1 more or less
c)After the main Trendline was broken we saw almost 2 bear traps, and then the price returned to current levels (this support the short thesis)
d)We can see a Head and Shoulder Pattern using the Broken ascending trendline as a guide.
e)Based on our analysis we expect a continuation of the bearish movement towards the 7600 LVL
Weekly Vision:
