Have a bearish Crab
formation with bearish candlesticks
on the weekly time frame at key resistance. Our first downside target is 137.000. Once this target is met our next target would be 134.850 then 133.400. However, once each target is met PA confirmation is required to hold onto the positions.
We have lower highs which represent bearish
momentum. For day traders the first target could be 138.150.
If you are a swing trader stop losses should be set 140.830 or (Safest 141.350)
If you are a day trader stop losses should be set accordingly.