There's been a pennant forming within a bearish trending channel. I am thus expecting that if there be a breakout off this pennant, we will enter with the sellers at 305869 Price level. I am only looking to sell, if the price breaks off the resistance of the trending chanel, I am not part of the move.
Comment:
The price broke out of the channel, however, the red horizontal line at the price level of 351694 marks a perfect zone to introduce sellers to this market. Therefore, sellers dont loose hope. Look for entry at that level based on the Quasimodo Pattern.