Rationale for short:
- Break of lower channel & hold
- Successful retest and rejection of .
- Broken support at 206.80s and 206.00s
- Huge rally immediately and decisively reversed to new lows.
- Close below Friday, Tuesday Close prices
- Small printed in closing hours today, visible on chart at close today.
I am still short, and I have decided on a few important levels below us.
Target 1: 203.72
Target 2: Lower in current short term as shown on chart
Conditions: Price must always close (15min candles) below long term we broke
I expect the price to head a lower for now. The 15th could be a reversal point, historically the 15th is the start of the main "Santa Claus" rally in December.