has been up trending for some time now. Point 'C' of a Bat Continuation Pattern has taken shape and price is now headed toward 'D'. The last 1hr candle was red, posting a lower low and lower high than the previous candle, which was a nice pinbar
at the top of recent price action. This is a nice bearish
signal. I expect price action to continue to fall toward 'D', with a possible turn around at the Daily trend line
. 'D' falls within range of the 0.382 retrace of the most recent upward price movement from 2017-05-10 to 2017-06-12.
My strategy, short (carefully) followed by a long.
This is not trading advice.