Weekly tweezer top and also rejected/ closed under long term trend lines indicating a false breakout
RSI barely made it above 60 as per the last retest so this market is still bearish/ corrective till the tweezer high is broken
Selling tomorrow, still think we are in a major corrective phase that has not finished and expect it to get down to 16588 at a minimum Good R:R nice place to put SL, possible 'runner' position also has good R;R so entering short on Sunday open
RSI barely made it above 60 as per the last retest so this market is still bearish/ corrective till the tweezer high is broken
Selling tomorrow, still think we are in a major corrective phase that has not finished and expect it to get down to 16588 at a minimum Good R:R nice place to put SL, possible 'runner' position also has good R;R so entering short on Sunday open
Comment:
Posssibly get out at T1 slightly before that 16588 level possibly around 16626 instead as looks like there may be a demand level there on lower timeframes
