Looking at a Cypher pattern completion up at 136.99 which is right below that psychological 137 flat even handle number.
Getting stops above the X leg may be a little out of the comfort zone of some traders so if you are looking for other reasons to enter, there is a Double top with RSI being over bought and bearish divergence.
You can then us an ATR based stop giving you a great Risk Reward.
You can also see a triangle pattern forming with higher lows but the RSI is putting in lower lows giving us a clue that the market is running out of steam.
If you are really conservative, you could wait for a 2618 to get involved.
Also a 3 Drives pattern completion at market
Getting stops above the X leg may be a little out of the comfort zone of some traders so if you are looking for other reasons to enter, there is a Double top with RSI being over bought and bearish divergence.
You can then us an ATR based stop giving you a great Risk Reward.
You can also see a triangle pattern forming with higher lows but the RSI is putting in lower lows giving us a clue that the market is running out of steam.
If you are really conservative, you could wait for a 2618 to get involved.
Also a 3 Drives pattern completion at market