Looking for the next counter trend or point C as I call it as the daily trend has not changed yet. 240 offering a good opportunity as it created a confirmed double top plus the 62.5% or 5/8th of the circle was at the same level as the 4x1 angle from 15536 low giving strong resistance.
You can play a low risk trade with stops at 1704 (here we are betting on that another UP swing does not form) or place above the double tops.
You can play a low risk trade with stops at 1704 (here we are betting on that another UP swing does not form) or place above the double tops.