Continuing from the successful head and shoulder dip buy all the way up to 16500 from 14450 as planned, big ups to those who followed up with the plan and grabbed a couple of pips. The second shoulder of the inverted head and should pattern was very tight and small retracement occured, creating apt of momentum going up leaving a huge Gap for another meltdown. We have reached our resistance trendline confluence and we would be looking for Bear strength going down. Structure has shown a possible double top to create another head and shoulder going down, might be just a pure double top with no head and shoulder down to a possible 14400 area, that will depend on the strength of the bears, confluence can still be on the trendline support but may create a fake out. ALL TRADES SHOULD BE TAKEN WITH CLEAR REJECTION CANDLES ON CONFLUENCES!!! The head and should would look good though. HAVE A CHECKLIST STRATEGY TO INCREASE CONSISTENCY!!
